Thursday, March 19, 2020

Musicians ask Spotify to triple payments to cover lost concert revenue | The Guardian

Bandcamp relaxes charges in light of Covid-19 but there is growing pressure on streaming services to compensate artists more fairly

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Musicians are calling on Spotify to triple its royalty rates following the coronavirus pandemic. Due to government guidance, many venues have closed and tours have been cancelled, removing what has become a key revenue stream for the majority of artists.

An online petition posted by musician Evan Greer asked Spotify to triple its rates permanently and make a $500,000 (£432,140) donation to the Covid-19 fund of Sweet Relief, a California-based charity that provides financial assistance to musicians and industry workers. The Guardian has contacted Spotify for comment.

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