Spotify Turns Off Monetization Feature for Songs with Under 1,000 Streams

Spotify, one of the largest music platforms in the world, frequently comes to our agenda with the addition of new features to its platform. Unfortunately, the platform, which also brings audio books to its platform, has recently come across with unsatisfactory news. It was revealed that the platform, which was revealed to introduce new payment plans, would also increase subscription prices.

Considering that this price increase decision, which covers 5 regions, includes even the USA, where the company is strongest, it sounds too optimistic to think that there will be no increase in prices in Turkey. Current developments are sad for small-time artists. On the other hand, it could save Spotify huge amounts of money.

No money will be earned from songs with less than 1,000 streams.

Spotify

This decision, which came into force as of April, was put forward against those who wanted to make easy money by uploading white noise and nature sounds to the platform. Tens of millions of songs have averaged between 1 and 1,000 streams, generating $0.03 per month over the past year, the company said.

Many distributors are charging between $2 and $50, with $2 as low, Spotify said. Bank transaction fees range from $1 to $20 per withdrawal. So small shots like these are always harmful.

It is said that these small amounts may reach huge amounts of $40 million by the end of the year. Our music giant Spotify will direct this amount to the pool it reserves for other songs with over 1,000 streams. In this way, he will save money. Songs that reach 1,000 streams in 12 months will be able to earn money again.

What are your thoughts on this change?