Snoop Dogg Leaves Spotify for Web3 Streaming Service Tune.fm, Drops New Track Exclusively
Snoop Dogg has made waves in the music world by announcing his departure from Spotify in favor of Tune.fm, a blockchain-powered music streaming platform. The legendary rapper cited his dissatisfaction with Spotify’s royalty payments as the primary reason for the switch. Despite a massive one billion streams on Spotify, Snoop claimed to have earned only $45,000, which he believes is disproportionately low given the streaming numbers.
Spotify responded, pointing out that a billion streams would typically generate “millions” of dollars for rights holders. The company implied that intermediaries may have intercepted a large portion of the royalties intended for Snoop. “It’s unfortunate to hear that Spotify’s payments didn’t make it through to Snoop,” a Spotify spokesperson said. “Snoop’s a legend, and hopefully now that he owns Death Row Records, he’s seeing more of that money.”
In response, Snoop Dogg has gone public with his dissatisfaction, declaring, “I don’t f–k with Spotify anymore.” The rapper has dropped his new track, “Spaceship Party,” exclusively on Tune.fm, promoting the platform’s benefits, including the promise of “up to 100x more” in payments than traditional streaming services. Tune.fm also guarantees that payments reach the rightsholders “instantly per second streamed.”
Tune.fm uses JAM, a cryptocurrency billed as “the official currency of music,” allowing for immediate payments and liquidity on major exchanges. The platform also supports the sale of NFTs, merchandise, concert tickets, and virtual experiences, providing artists with multiple revenue streams.
Snoop Dogg’s switch to Tune.fm marks his increasing involvement in the Web3 space, as he looks to leverage blockchain technology to change the way artists are compensated. While his music is still available on Spotify, Snoop has teased more Tune.fm initiatives, including exclusive fan experiences and VIP giveaways, along with private events and merchandise drops.
Tune.fm, which recently raised $50 million in funding, has been making strides to bring more exclusive content to the platform, with plans to collaborate with major labels and top artists. The company sees Snoop as a perfect fit for their vision. “Snoop is the OG pioneer who is always on the cutting edge of technology and new ways of doing business,” said Tune.fm founder and CEO Andrew Antar. “We are ready to take on the world together.”
With traditional streaming platforms facing increased competition from Web3 alternatives, there’s growing interest in platforms like Tune.fm, which aim to cater to superfans and provide artists with more control over their revenue.