Spotify – Publisher & Master Licence Royalty Rates – 22 December 2020

  • Public Equity
  • TMT
  • Europe


Former Manager at Spotify AB


  • Publisher and label rights dynamics across Europe and the US
  • Impacts on Spotify (NYSE: SPOT) from CRB (Copyright Royalty Board) decision to raise US publisher rates
  • Royalty rates development for payments to major and independent labels
  • Impact of minimum guarantees as part of licensing agreements
  • Spotify's ability to negotiate lower headline rates and mitigate other onerous clauses


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