According to its newsroom, Spotify reveals today a brand new tool (in Beta version) for the publishing community, developed “in close collaboration with a range of publishers” . Spotify Publishing Analytics is the first analytics tool from a music streaming service built specifically for publishers, so they can better serve their songwriters.
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.
Rich Scott DePerto, Director of Royalties & Copyright Administration, Reservoir, said also: “Reservoir was happy to jump on board as one of the first music publishers to help shape the new Spotify Publishing Analytics tool. 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 also Patrick Joest, EVP Global Content Partnerships & Synch, BMG.
For more infos and interested publishers, you can visit Publishers.Spotify.com to learn how they can get started.