Spotify is finally rolling out music videos to its users in the US and Canada, a move that could significantly change the way people consume music on the platform. The company has confirmed with Billboard that the feature was previously beta-tested in nearly 100 overseas markets last year.
The music video integration comes after Spotify and the National Music Publishers Association (NMPA) announced they had struck a licensing deal for "expanded audiovisual rights" in the US. This agreement aims to increase the royalty-earning potential of publishers and songwriters who opt-in, although it doesn't address the issue of mechanical royalties.
Spotify has been rolling out music videos for subscribers in dozens of markets since last year, with the goal of competing with platforms like TikTok and YouTube. In October 2024, the company released findings that listeners who discover a track with a music video on Spotify are 34% more likely to stream it again the following week.
The addition of music videos to Spotify could have a significant impact on the platform's user engagement and revenue. With the rise of TikTok and YouTube, platforms are increasingly offering music videos as a key feature to attract users. By adding this feature, Spotify is able to stay competitive in the market and provide an enhanced experience for its users.
However, the addition of music videos also raises questions about copyright and licensing issues. The NMPA deal does not address mechanical royalties, which could be a point of contention with songwriters and publishers. Nevertheless, the inclusion of music videos on Spotify is likely to have a significant impact on the platform's user engagement and revenue in the long run.
As part of this new feature, Spotify will be offering users the ability to discover new tracks and artists through music videos. This could lead to increased discovery for emerging artists and new music.
The music video integration comes after Spotify and the National Music Publishers Association (NMPA) announced they had struck a licensing deal for "expanded audiovisual rights" in the US. This agreement aims to increase the royalty-earning potential of publishers and songwriters who opt-in, although it doesn't address the issue of mechanical royalties.
Spotify has been rolling out music videos for subscribers in dozens of markets since last year, with the goal of competing with platforms like TikTok and YouTube. In October 2024, the company released findings that listeners who discover a track with a music video on Spotify are 34% more likely to stream it again the following week.
The addition of music videos to Spotify could have a significant impact on the platform's user engagement and revenue. With the rise of TikTok and YouTube, platforms are increasingly offering music videos as a key feature to attract users. By adding this feature, Spotify is able to stay competitive in the market and provide an enhanced experience for its users.
However, the addition of music videos also raises questions about copyright and licensing issues. The NMPA deal does not address mechanical royalties, which could be a point of contention with songwriters and publishers. Nevertheless, the inclusion of music videos on Spotify is likely to have a significant impact on the platform's user engagement and revenue in the long run.
As part of this new feature, Spotify will be offering users the ability to discover new tracks and artists through music videos. This could lead to increased discovery for emerging artists and new music.