Spotify closed its fund less than a year after launching its funding program for live audio creators, a company spokesperson has confirmed. hollywood reporter.
Initially, live audio creators using Spotify Greenroom, later renamed Spotify Live, could participate in the fund to receive compensation for their work. Spotify never disclosed how the funding was determined, but the company said in its initial statement in June last year that the size of the developer audience and consumption of their content would affect payments.
But the Creators’ Fund never launched last summer, as Spotify said, and a Spotify spokesperson said Tuesday that the funding would shift to “other live creator initiatives.” The speaker declined to share how much money was allocated to the creators’ fund.
The fundraiser for creators is coming to an end as Spotify makes another attempt with its new program of live audio offerings, including show hosting. I called my father Host Alex Cooper and comedian Hassan Minhaji and select live programming additions to the main Spotify app instead of streaming live shows to the standalone Spotify Live app.
podnium It was first reported that the creators fund was closed.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
