on-demand audio streams from services such as Spotify and Apple Music from March 17 to June 8, according to Luminate. Most of the royalties have come from 154 million U.S. Chapman alone is pocketing a sizable portion of that total.
Billboard estimates that Combs’ version has generated about $500,000 in publishing royalties globally from its March 17 debut through June 8.
The surprise success of Combs’ cover has been a minor windfall for Chapman, the sole songwriter of the 1988 hit from her breakthrough debut album.
Car Thing's demise theoretically helps Spotify focus on those successes and brace itself for a widely expected global recession.Luke Combs has driven his “Fast Car” to the top five of the Billboard Hot 100 – and Tracy Chapman is riding shotgun. Spotify's free and paid listener bases are still growing (to 433 million and 188 million users respectively), and its shifts toward audiobooks and podcasts are paying dividends by lowering the relative cost of music label royalties. The cancellation comes despite otherwise positive signs. Many cars can access Spotify through Android Auto, Apple CarPlay or built-in apps - Car Thing was mainly helpful for people with older vehicles who wanted a music streaming upgrade, but didn't want to mount their phone. It was effectively a Spotify player for cars that didn't have streaming functionality, and served as an informative experiment for the company. Spotify first shared word of Car Thing in 2019, but the finished product only reached the broader public early this year following several months of invitation-only sales. You can still buy the Car Thing for $50 (down from the usual $90) as of this writing. The company said it still "unlocked helpful learnings" from the device despite its brief history, and that the car remained an "important place" for audio. The withdrawal hurt Spotify's gross profits.Įxisting Car Thing units will still work as expected, Spotify said. In a statement to Engadget, a company spokesperson pinned the decision on "several factors" that included customer demand and supply chain problems. As part of its earnings data, the streaming service revealed that it stopped manufacturing its Car Thing player. Spotify's less-than-stellar quarter can be partly blamed on a decision to exit the hardware business.
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