Confirmed: From next year, tracks on Spotify will have to be played 1,000 times before they start earning

Starting next year, tracks on Spotify will need to be played 1,000 times before they begin earning money.
The most debated change is the introduction of a minimum amount of streams that a song must receive before the artist can start earning money from it on the platform.
At the time we made the report, we were unable to find out the exact number for this required minimum level. Now we can do it 1,000 times.
The news was first mentioned by Kristin Graziani, the President of Stem, in a post published on Thursday (November 2).

 It's confirmed that starting from Q1 2024, each track on Spotify needs to reach a minimum of 1,000 streams in a year to start earning royalties.

 Its also confirmed again with Spotify that they are working with record labels and distributors to "remove the money-making ability" of songs that currently earn less than five cents per month on average.
Today in the US, around 200 plays on Spotify can earn about five cents in royalties for recorded music.

 Spotify thinks that this decision will make some songs earn less money. These songs used to make up 0. 5% of the service's 'Streamshare'. The royalty pool is based on a pro-rata system.

Spotify has informed people in the music industry that it plans to change the way it distributes money. They want to increase the minimum number of plays needed to earn royalties, which means more money will go to the majority of artists and less to the top 0. 5% This could result in tens of millions of dollars being redistributed each year.

In 2024, Spotify thinks it will transfer $40 million from songs that are not very popular (less than 1,000 streams) to songs that are more popular (more than 1,000 streams).

 This is about making changes to royalty payments. Currently, the value of these payments is decreased because they are divided into very small amounts, like pennies or nickels.

These small payments are sometimes not even going to real people. Big companies often demand indie artists to earn a certain amount of money before they can actually get paid.

We are talking about songs that are not making enough money to meet the minimum requirements. As a result, the money earned from these songs on Spotify is just sitting in their bank accounts without being used.
 Spotify's new rule of needing 1,000 plays in a post called "Talking 'garbage': How can Spotify and co. " Separate the low-quality musicians from the valuable ones.
Ladegaillerie CEO of Believe strongly disagreed with the idea of setting a minimum requirement of 1,000 streams in order to make money from music streaming services.

He asked, "Why wouldn't you pay an artist for getting less than 1,000 streams. It doesn't make any sense. "

"What message are you sending to aspiring artists in the music industry if you choose to go in that direction. "
If we only need 1,000 streams in a year to get paid, then most likely not.

But if in the future, the minimum requirement for something increases to, for example, 10,000 or 20,000 times of an action being done, we are unsure of what will happen.

BW