![]() ![]() Spotify lost $647 million during the first six months of 2018, mostly driven by the cost of licensing payouts to record labels and artists for music. If Spotify can charge artists money for those services, it could give the company an additional revenue stream beyond streaming music subscriptions. The investment paves the way for Spotify to test out services that were once offered by traditional record labels such as distribution. Apple did not return a request for comment. Through the partnership announced Wednesday, artists who upload songs to Spotify will now be able to distribute those songs to “other platforms” through DistroKid, though Spotify did not say whether Apple Music would be included. If there is enough screen real easte, please always show the full logo with its round icon and its workmark. That began to change last month when Spotify said it would let some independent artists upload directly to its service. The downloadable logo file and the detailed logo guideline can be found here. Unlike SoundCloud and YouTube, Apple Music and Spotify did not allow independent artists to upload their music directly to the service and required them to work through a distributor. ![]()
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