Spotify has launched Publishing Analytics, a music streaming tool geared towards publishers. The tool, which is currently in beta, will offer publishers daily streaming statistics for works and recordings they have identified, including playlist performance. They can also view data for each songwriter on their publishing roster.
The company developed Publishing Analytics in coordination with publishers including BMG and Reservoir. Spotify states the tool is used only for data analytics, and that there will be no changes in how publishing royalties are paid or accounted for.
“One of our core missions at Spotify is to enable creators the opportunity to live off their art,” said Jules Parker, Head of Publishing Relations & Services, EMEA and APAC, Spotify.
“The publishing community is integral in supporting the songwriters that create the music we love. With more information, publishers are empowered to make the most of the opportunities the global reach of Spotify provides, and the more information we can share with each other, the more opportunities we can help create for songwriters.”
“Reservoir was happy to jump on board as one of the first music publishers to help shape the new Spotify Publishing Analytics tool,” said Rich Scott DePerto, Director of Royalties & Copyright Administration, Reservoir. “Access to daily global analytics for the leading DSP allows us to better track our catalog’s performance and gives us valuable insight that we can use to make more informed business decisions in supporting our songwriters.”
“Armed with this level of streaming data, directly from Spotify, music publishers can gain insights into new opportunities for their songwriters, more efficiently collect royalties on their behalf, and more effectively market their works,” said Patrick Joest, EVP Global Content Partnerships & Synch, BMG. “Spotify has been a collaborative partner in the creation of this new product, and we are looking forward to further collaborating and contributing to its development and easy accessibility of data to the publishing community.”
Interested publishers can visit publishers.spotify.com.
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