Spotify today announced it had invested in music distribution platform DistroKid. After a move earlier this month when Spotify opened up its beta “direct upload” service this move brings Spotify the ability to allow artists up distribute music and content to other key DSP’s (Digital Service Providers)
Spotify today said in a short blog;
“Today, we’re happy to announce plans to enhance Spotify for Artists by enabling artists who upload to Spotify, via our recently announced beta feature, to seamlessly distribute their music to other platforms through DistroKid.”
For the past five years, DistroKid has served as a go-to service for hundreds of thousands independent artists, helping them deliver their tracks to digital music services around the world, and reaching fans however they choose to consume music. The service has been a trusted and reliable partner to Spotify, which is why they’re a natural choice to enhance the experience for artists using our beta upload feature. As part of this partnership, Spotify has made a passive minority investment in DistroKid.
“We’re excited to roll out this new technical integration in the near future, and hope to share more information soon.” – Spotify
This move is likely to shake up the DSP industry at it’s indicating that Spotify will have a preferred partner. TubeCore, CDBaby, Ditto could very well suffer from this move.
Streaming services are benefiting from over 20,000 tracks per day being uploaded but when it comes to artists they are the ones that don’t get the benefit. Quantity is the name of the game in the streaming business. That’s the only way to make money.