Spotify plots changes to the way it pays out royalties
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Description
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week. On this edition, Spotify's plans to change the way it allocates revenues to individual tracks and catalogues each month, and the confirmation that digital is now the biggest driver of revenue for the song rights collecting societies. SECTION TIMES 01: Spotify (00:04:35) 02: CISAC (00:18:27) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Spotify also in talks with industry to change track allocation process • Digital now biggest revenue generator for song right collecting societies, CISAC confirms ALSO MENTIONED • Hipgnosis vote shock: 83.2% of shareholders vote against continuation • Read CISAC's Global Collections Report 2023
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