Spotify has opened up a forum where music lovers and the musicians they love to listen to will flock in droves. Spotify Artists is the all-new scheme to get the entertainment services to the audience and transfer the payments for the services rendered into the coffers of the musicians.
Over a billion dollars have been paid in the form of royalties to artists via Spotify. Spotify has been a successful music streaming platform. And now it has decided to pay the artists back manifold times in the shape of Spotify Artists. Over $500 million were paid to hardworking songsters this year which is quite a feat in itself.
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In a similar manner to the digital downloading of compact discs, Spotify’s services up until now were regarded with differing responses from aficionados, musicians and the broader industry. The availability of classy music on Spotify, along with reimbursement to the artists who composed it in the first place, makes for a fair and square deal.
Spotify works in novel ways. Instead of resorting to shoddy pirate copies, fans are encouraged to pay a little in return for some high quality listening experience. And about 3/4th of the earnings are given as royalties to the musicians. It is a sensible approach indeed. The Spotify Artists site offers the statistics and figures on how the business operates.
There is an Artist Analytics dashboard that lends a bird’s eye view of much of the data generated on Spotify. Then there are the concert tickets and miscellaneous merchandise that are necessary appendages of all music albums that debut on Spotify. All in all, it is a source of inspiration to artists and fans alike.
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