Swedish collecting society STIM says payments from the streaming service to songwriters in Sweden have increased “eightfold” in the last year – rising from SEK 500,000 to SEK 4 million (i.e. from $64k to $515k). Sweden is one of the most significant markets for Spotify, not least because it’s been cited alongside the IPRED anti-piracy law as the reason why recorded music revenues rose there last year. The 800% increase for Swedish songwriters doesn’t address the complaints of some Swedish artists about their payouts, but it does show the scale of Spotify’s growth in usage (and also the challenge it faces in scaling its revenues to match).
Tools: platforms to help you reach new audiences
Tools :: Wyng
Through Music Ally’s internal marketing campaign tracking, we’ve recently discovered an interesting website by the…