Europe's Legislators To Back Artists In Demanding Better Pay And Transparency From Spotify: Politico
Portfolio Pulse from Benzinga Newsbot
European lawmakers are supporting artists and musicians in their demands for better pay and transparency from Spotify (NYSE:SPOT). The primary concern is the obscurity around the calculation of payouts, which many argue is unfairly biased in favor of big-name artists.
June 13, 2023 | 5:01 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
European lawmakers are pressuring Spotify (NYSE:SPOT) for greater transparency in royalty distribution, which could lead to changes in the company's payout model.
The pressure from European lawmakers on Spotify to be more transparent about its royalty distribution could lead to changes in the company's payout model. This may result in increased costs for the company, which could negatively impact its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100