Breaking news from Spotify: starting in 2024 (less than two months from now), they will no longer pay any royalty on tracks that fall below a minimum 1,000 streams a year. These tracks will still earn royalties, in theory – but those royalties will not be paid to their rights holders. Instead, they will go into a pot to be divided among accounts that garner more plays.
Happy holidays from Spotify, artists!
Update (12/4): Happy holidays from Spotify, employees
Update (12/4): Happy holidays from Spotify, employees