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Spotify has reversed its resolution to tug out of Uruguay after receiving clarification from the federal government concerning current adjustments to music copyright legal guidelines.
The Uruguayan authorities has confirmed that rightsholders, fairly than streaming platforms like Spotify, will likely be answerable for making certain honest compensation to artists.
Which means Spotify won’t be required to pay a number of occasions for a similar content material, addressing considerations the corporate had raised in regards to the sustainability of such a follow.
“The Uruguayan authorities has issued much-needed clarification of the current music copyright regulation adjustments, particularly that rightsholders are answerable for making certain artists are pretty paid, fairly than requiring Spotify to pay a number of occasions for a similar content material,” a Spotify spokesperson mentioned.
The spokesperson famous that Spotify already pays roughly 70% of each greenback it generates from music to rightsholders together with document labels and publishers.
“The Uruguayan authorities has issued much-needed clarification of the current music copyright regulation adjustments, particularly that rightsholders are answerable for making certain artists are pretty paid, fairly than requiring Spotify to pay a number of occasions for a similar content material.”
Spotify Spokesperson
“We’re happy that this clarification will enable Spotify to stay obtainable in Uruguay in order that we will proceed giving artists the chance to dwell off their artwork and billions of followers the chance to take pleasure in and be impressed by it. We thank President [Luis] Lacalle Pou and his staff for recognizing the worth Spotify supplies to native artists, songwriters and followers,” the corporate spokesperson mentioned.
In November, Spotify threatened to pull out of Uruguay resulting from proposed copyright regulation amendments. Spotify frightened they’d be compelled to “pay twice” for a similar music below the brand new guidelines.
“With out readability on the adjustments to music copyright legal guidelines included within the 2023 Rendición de Cuentas regulation – confirming that any extra prices are the duty of rights holders – Spotify will sadly start to section out its service in Uruguay efficient January 1, 2024, and totally stop service by February, to the detriment of artists and followers,” a Spotify spokesperson mentioned on the time.
The Uruguayan Society of Performers (SUDEI) advocated for these reforms earlier within the 12 months, proposing adjustments to the nation’s music copyright rules. Uruguay’s Parliament voted on a funds invoice in October that included the proposed adjustments, particularly Articles 284 and 285 within the Rendición de Cuentas regulation.
Spotify contested the adjustments, arguing that the introduction of what’s termed “equitable remuneration” by means of the amendments would compel the streaming service to pay twice for a similar music.
Spotify had earlier emphasised the constructive influence of streaming on the music trade in Uruguay, citing a development of 20% in 2022 alone.
In 2022, Uruguay ranked because the world’s 53rd largest recorded-music market, with revenues reaching USD $13.2 million, up 20.2% YoY. Music streaming accounted for a considerable 64.4% of those revenues, Music Ally reported in October, citing knowledge from the IFPI.Music Enterprise Worldwide
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