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Spotify has denied its users can make nearly £1,000 a month by repeatedly listening to their own songs.
Experts claimed users could manipulate Spotify’s royalty system and rake in extra cash. The claim was initially sparked by finance analysts at JP Morgan, who said people could pocket a cool $1,200 (£960) a month by listening to their song on repeat for 24 hours a day.
It was thought that if someone uploaded their own 30-second track to Spotify, and then programmed their phone to listen to it on repeat, they would receive that sum in royalties.
But Spotify’s boss Daniel Ek said this was not true.
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In response to a post on X (formerly known as Twitter) citing the claim by Julian Klymochko, chief executive of Accelerate Financial Technologies, the head of Spotify wrote: “If that were true, my own playlist would just be ‘Daniel’s 30-second Jam’ on repeat!
“But seriously, that’s not quite how our royalty system works.”
According to its website, Spotify pays two types of royalties: recording and publishing.
