Spotify denies “30-second trick” can make artists rich
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The theory was first reported in the Financial Times. Yesterday (September 11), Julian Klymochko, founder of Canadian-based investment company Accelerate, tweeted a screenshot of the article in question.
“According to JPMorgan, if someone uploaded their own 30-second track to Spotify, and then programmed their phone to listen to it on repeat 24 hours a day, they would receive $1,200 a month in royalties,” he wrote.
