'Yankovic Slams Spotify's Artist Payout System
In his Spotify Wrapped video, Yankovic claims his 80 million streams earned him only $12, amidst recent changes to the platform's royalty payment policy.
- 'Weird Al' Yankovic criticizes Spotify's artist payout system in his Spotify Wrapped video, claiming his 80 million streams earned him only $12, enough for a sandwich.
- Spotify recently announced a new royalty payment policy, eliminating payouts for songs with fewer than 1,000 yearly streams, set to go into practice early next year.
- The new policy is expected to affect more than two-thirds of Spotify’s song catalog and redistribute royalties to a greater pool.
- Spotify has faced criticism for its low royalty rates, with less than 1% of artists making a reasonable living from the platform alone.
- The streaming service has not yet responded to Yankovic's comments.