Spotify announced that beginning in early 2024 it will stop paying artists royalties earned by sound recordings streaming less than 1,000 times over the prior 12 months and instead pay them to the artists whose recordings stream more than 1,000 times in the prior 12 months.

The reason for this new major label/Spotify “theft”/indentured servant model seems to be due to the major record labels losing, and continuing to lose, significant market share to the DIY/indie artist sector. The major labels solution, get Spotify to take the royalties earned by DIY/indie artists money and hand it to them.