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Published 3 months ago

Spotify 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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