Search results
Results From The WOW.Com Content Network
“The current Spotify model does not work for most artists, in that you cannot easily make a living solely from streams,” she says. “The math here is so complicated, which is part of the ...
Spotify also estimates that “in 2014, around 10,000 artists generated at least $10,000 per year on Spotify. Today, well over 10,000 artists generate over $100,000 per year from Spotify alone.”
Liz Pelly, a journalist whose first book, “Mood Machine: The Rise of Spotify and the Costs of the Perfect Playlist,” will be published in 2025, says the streamshare system has been criticized for “benefitting the artists who generate the most streams” and “the major labels who already have, like, so much market share.”
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Spotify for Artists states that the company does not have a fixed per-play rate; instead, it considers factors such as the user's home country and the individual artist's royalty rate. Rights holders received an average per-play payout between $.000029 and $.0084. [172] In 2013, Spotify revealed that it paid artists an average of $0.007 per stream.
Spotify doesn't compensate artists and distributors based on a pay-per-stream rate, instead using a more complicated "streamshare" payment system.
Musicians working in a recording studio An audience watching a concert. The music industry refers to the individuals and organizations that earn money by writing songs and musical compositions, creating and selling recorded music and sheet music, presenting concerts, as well as the organizations that aid, train, represent and supply music creators.
Following on the news that the music industry generated some $9 billion on Spotify in 2023, the streaming giant has revealed that half of that total went to independent labels and artists — $4.5 ...