US EditionSpotify boss denies claim 30-second repeat play trick can make you rich
- Spotify CEO denies claims that users can make $1,200 per month by repeatedly listening to a 30-second track on the platform. JP Morgan had suggested that Spotify's royalty payment structure could be manipulated, but Daniel Ek clarifies that this is not how royalties work on Spotify.
- Concerns have been raised about artificial streaming and fake streams, with JP Morgan estimating that up to 10% of all music streams are fake. Criminal gangs have also reportedly used Spotify's royalty system to launder money from drug deals.
- Spotify pays artists royalties based on the agreements they have with labels or distributors, and the payments can vary depending on how the music is streamed. Universal Music Group and Deezer are launching a music streaming model to generate bigger royalties, which could potentially force Spotify and other services to adjust their own models.
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Spotify breaks silence on claims you can get rich streaming your own songs
Spotify boss Daniel Ek cleared up the speculation in a post published to X, previously known as Twitter, after it was suggested users could make money by listening to their own tracks on repeat
·London, United Kingdom
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“The 30-second trick you get rich with” on Spotify. The company denies: “This is not how the system works”
The Spotify boss has denied claims that users can repeatedly listen to their own 30-second track uploaded to the platform to earn significant monthly royalties, the BBC reports.
·Romania
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