Daily MIC: Netflix Eyes Live TV, Bundles To Drive Viewer Engagement – WSJ; Disney Exploring Adding Free Content to Disney+ - Rpt; FIFA’s Wish List For 2030/34 World Cup Rights

研报英文原文证据摘录

Daily MIC: Netflix Eyes Live TV, Bundles To Drive Viewer Engagement – WSJ; Disney Exploring Adding Free Content to Disney+ - Rpt; FIFA’s Wish List For 2030/34 World Cup Rights

MEDIA, INTERNET & COMMUNICATIONS DAILY

July 10, 2026

SPOT: How Much Have Spotify Bundles Decreased the Mechanical Per-Stream Rate?

(Analysis) (Billboard) - In June, National Music Publishers’ Association (NMPA) executives

reported at the organization’s annual meeting that U.S. music publishers and their

songwriters have missed out on nearly $500 million in mechanical royalty payments since

Spotify and Amazon rolled all of their paid music subscribers into bundled plans. In the wake

of that announcement, Billboard analyzed Spotify’s reports to the Mechanical Licensing

Collective for the fourth quarters of 2023 and 2025 and found that the blended per-

stream mechanical rate from its subscriber tiers decreased by about 51%, while overall

dollar payments for that license declined about 45%. While publishers tend to look at

total publishing payments for their repertoire, songwriters and artists tend to look at per-

stream rates as well. With that in mind, Billboard took into account both parameters and

— specifically looking at Spotify paid subscriber tiers — found that the mechanical per-

stream pay rate declined 51%, from about $0.00068 per stream in Q4 2023 to about

$0.00033 per stream in Q5 2025. Meanwhile, the mechanical dollar amount paid by Spotify

decreased 45%, from about $97.3 million in Q4 2023 to about $53.3 million in Q4 2025,

using rounded numbers. Those deals are so far generating bigger payments than expected,

some independent publishers tell Billboard. One indie publisher suggests that the new

licensing option carries the implication that Spotify is attempting to put some money back