Dave Anderson <(Address removed)> said:

Interesting concept, tho if there's no downloads I'd be tempted to
record the output of stuff I loved – Spotify could dissapear tomorrow.
And have major labels signed up to this?

yup, but not all significant indies

If so, then I'm slightly confused – unless they have a vast number of
advertisers feeding the label payments, then if you have the risk of a
situation where you get lots of for-free subscribers who will live with
the adverts for free music, and where then does the label/musician get
paid?

they get a split of advertising revenue – ie pretty much fuck all

Also, do you need to be MCPS registered or whatever to receive
payments, or can you upload your own tracks and bank details as a
copyright holder, and get direct payout?

i imagine you'll have to be MCPS reg and you'll get royalties from your label too.