What could they do? They have a pot of all the money they make, 70% gets paid out to artists, 30% goes to Spotify. Same as Tidal, more than Apple Music. Any plan will involve shuffling around the same pot of money and the last time they tried to "concentrate" the money by dropping songs with less than 1000 plays everyone hated it.

Zooming out to all the services, how the royalty model currently works out is that's all the money there is in streaming. And divided up it's pennies. All that can be reasonably done is shift how we allocate it. And large rightsholders who have the most leverage love the current system where the allocation is by total plays globally across the service.

They negotiate lower royalty rates with music factories churning out content, then tweak their playlists to use more of the cheaper music.

So I guess, at minimum, they could avoid undercutting the artists on their platform

https://archive.ph/dudYu

I don't know? As I said. Complicated. Are they still paying bigger artists a larger proportional share? Perhaps start with that.