A royalty calculator launched by Manatt Phelps & Phillips suggests Spotify pays itself more than it pays record labels, challenging a long-held assumption in the music industry. The article is primarily a legal and industry-structure commentary rather than a direct earnings or guidance update, so the immediate price impact appears limited. The main relevance is to Spotify’s economics and broader streaming royalty debates.
A royalty calculator launched by Manatt Phelps & Phillips suggests Spotify pays itself more than it pays record labels, challenging a long-held assumption in the music industry. The article is primarily a legal and industry-structure commentary rather than a direct earnings or guidance update, so the immediate price impact appears limited. The main relevance is to Spotify’s economics and broader streaming royalty debates.
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