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What will Spotify’s price rise mean for its recording artists and songwriters?

By Eamonn Forde

28 Jul 2023 · 4 min read

informed Summary

  1. Spotify has increased its standard monthly subscription price by 10% in over 50 markets, including the US and the UK. The company stated that the price rise was to invest in and innovate its product offerings and features. However, it didn't mention any benefits for recording artists and songwriters, whose share of streaming income is also affected by their record deals.

It had started to feel as though it would cost £9.99 for ever, but Spotify has, after 14 years, finally increased its prices.

Its standard monthly subscription price rose by 10% in more than 50 markets last week, including the US and the UK, and was tentatively welcomed by many in the music industry – but others point out that a £1 rise, to £10.99, will not solve wider quandaries around streaming economics.

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