When Bloomberg reported that Spotify would be upping the cost of its premium subscription from $9.99 to $10.99, and including 15 hours of audiobooks per month in the U.S., the change sounded like a win for songwriters and publishers. Higher subscription prices typically equate to a bump in U.S. mechanical royalties — but not this time.
By adding audiobooks into Spotify’s premium tier, the streaming service now claims it qualifies to pay a discounted “bundle” rate to songwriters for premium streams, given Spotify now has to pay licensing for both books and music from the same price tag — which will only be a dollar higher than when music was the only premium offering. Additionally, Spotify will reclassify its duo and family subscription plans as bundles as well.
The greed isn’t inherent in the system, in the humans. We have to fix our self-serving nature first.
Oh yes why fix economic system when we can just defeat human nature. Great idea that’ll be much easier.
facepalm we are literally the same species of Homo sapiens we have been for thousands of years, the problem is most certainly inherent in the system and we need to smash the system and make something kinder.