Spotify introduce Publishing Analytics platform to help publishers provide the analysis that songwriters and others need to help them in their work. Available in a limited beta release it adds to Spotify’s Secret Genius programme for songwriters and producers which helps listeners discover their work with song credits on desktop and mobile. Spotify Publishing Analytics is the first analytics tool from a music streaming service built specifically for publishers, so they can better serve their songwriters.
“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.”
Spotify developed the platform in close collaboration with a range of publishers to offer value to all of the roles that publishers play, from A&R to administration. Spotify Publishing Analytics will give publishers daily streaming statistics for the works and recordings they have identified, including playlist performance, as well as the ability to view data for each of the songwriters on their roster.
“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.
The Publishing Analytics programme follows on from the recently enacted Music Modernization Act in the US but the company insists that Spotify Publishing Analytics won’t change the way publishing royalties are accounted or paid. Further details and to sign up for the limited beta go here.
