Considering that according to what I can see online, artists get around $4 per 1000 streams, it doesn't look significant and it probably saves on processing fee

Considering that according to what I can see online, artists get around $4 per 1000 streams, it doesn't look significant and it probably saves on processing fees. One would need to be an artist with a lot of songs just under 1k to make it more than enough for a cup of coffee. The kind of money it isn't even worth the time putting songs on Spotify (it may be worth it for promotion though). The general issue with underpaid artists remains but this particular case doesn't seem to matter much, in fact, if what they imply is true, it is arguably an improvement since what they save in processing fees will go to artists instead of banks.