Spotify to update how it pays rights holders

From early 2024, Spotify will require a minimum of 1,000 streams over 12 months before paying out royalties. — AFP Relaxnews

Music streaming giant Spotify said Tuesday it will modify how it pays artists in 2024, introducing a minimum number of times a piece must be streamed before qualifying for royalties.

With its announced changes, Spotify estimates it can generate around a billion dollars in additional revenue for artists over the next five years.