Which innovative pricing strategy did Spotify introduce in 2023 to address criticism about artist compensation rates?

The music industry has been transformed by streaming platforms, but how they compensate artists remains controversial. While streaming has made music more accessible than ever, the payment models have sparked debates about fair compensation and sustainability for artists. Test your knowledge about the complex economics behind the music you stream every day and how pricing strategies impact artist earnings.

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Dynamic Royalty Rate System - paying higher rates to artists whose listeners engage more frequently with their music
Subscription Tier Sharing - allowing premium subscribers to allocate 20% of their subscription fee to specific artists of their choice
Play Count Threshold Model - implementing minimum stream counts before songs qualify for royalty payments
Genre-Based Compensation - paying higher rates to niche genres with smaller but dedicated listener bases