Spotify remains the lightning rod for criticism about artist and songwriter royalties from streaming, so it’s interesting to see the company building bridges with the creator community today through talks with the Fair Trade Music coalition.
Not least because this is not the kind of tech industry body – espousing “fair” royalties for creators while (according to critics) lobbying for the opposite – that has been coming under fire in the US recently. It’s an organisation endorsed by a number of songwriter and composer bodies, including the Songwriters Guild of America (SGA) and Songwriters Association of Canada (SAC).
“We are delighted Spotify is the first major service to reach out to us to engage in this vital discussion and initiative,” said the SAC’s Eddie Schwartz. “It’s encouraging to see a service as large as Spotify recognise our interdependence,” added the SGA’s Rick Carnes.