The musicians began protests against the policy of the Swedish music streaming service Spotify, accusing him of opaque business relations.
On March 15, protests were held near Spotify offices around the world. Musicians insist on the transition of the streaming service to a user-oriented payment model.
Swedish Spotify can be proud of the first place in the world in terms of the number of users, the number of which reaches almost 350 million, and half of this huge number of users use the services of streaming service on a paid premium subscription. Spotify actively pays royalties to musicians, the amount of which has already exceeded $16 billion.
The United Union of Musicians launched a campaign called Justice in Spotify. It requires a significant increase in royalties per stream of musical composition (from $0.0038 to $0.01dollar).
The statement of the Union has already been officially supported by more than 28 thousand figures of the music industry from around the world, among which you can find very famous names.
In everything that’s happening. According to music experts, there is nothing surprising. The pandemic forced almost the entire music business to go online. Therefore, the main source of income was precisely music streaming services. The pandemic gave them a huge impetus in development. During the year of quarantine restrictions, streaming services significantly increased the level of capitalization. First of all, this applies to Spotify, the cost of which tripled in just a year. But payments to musicians who bring profit to the service remained at the same level.
Musicians around the world today cannot work, while tech giants dominating the industry make billions of dollars in profits. Therefore, musicians demand that they be fairly paid for their work.