Streaming giant Spotify has released its annual Loud & Clear Report, providing an in-depth look at the music streaming economy. Spotify's royalty averages pay out roughly $0.003 per stream, and while it's received a lot of criticism for how it compensates artists, the report notes that it paid out record revenue to rights holders. Click to view the entire Loud & Clear Report.
If you want, you can examine the entire Report in detail from the link above, let's take a look at the numbers in context here;
- For another year, Spotify set the record for the highest annual payment to the music industry from any single retailer: $9B+
- The number of artists generating at least $1M, $100K and $10K, has nearly tripled since 2017
- Over half of the artists who generated at least $10K on Spotify are from countries where English is not the first language
- In 2023, Indies generated nearly $4.5B on Spotify. (Almost half of this total revenue)
- Many of the artists who generated at least $1M on Spotify in 2023 aren’t household names
- Spotify paid out nearly $4B to publishing rights holders – who represent songwriters – over the last two years.
- 10M+ uploaders had at least a single track
- ~8M had less than 10 tracks all time
- ~5M+ had less than 100 total streams across their full catalog
- Of the 23,400 artists who generated $10,000 in 2017, nearly half generated more than $50,000 in 2023
- In 2023, 50K artists generated at least $16.5K from Spotify
- Over 329,000 songs were streamed over a million times in 2023 alone.
- If you want to see how your tracks stack up, check out Streaming Numbers in Context.
I tried to write the important numbers in the report above. If you want, you can take a look at the entire report from the link.
Considering that Spotify's royalty averages pay out roughly $0.003 per stream, I'm honestly curious about how much Spotify earns. I think $0.003 is really too little. Also, 10 days ago I wrote about the Living Wage for Musicians Act being put to the US congress to ensure that streaming platforms pay a minimum of $0.01 per stream. If you want to take a look at the post, click here. If it becomes legal, the income of artists and musicians on streaming platforms will increase almost 3 times. I really think that artists and musicians should earn more per streaming.
Music is powerful enough to change lives. Enjoy the music and stay with Love.
Question of the Day : What do you think of the Spotify Annual Loud & Clear Report ? If you don't have an answer to this question, You can talk about your favorite song or anything related to music in your comment.
Today 3 more cards were added to my collection.
i206 Wood Block is a common card and has 1 Luck.
165 Raquel is a common card and has 10 fans.
R454 WW57x is a rare card and has 50 luck.
My Cards : 3382
Fans : 140976 (From cards: 138981 - Temporary drunks: 1995)
Luck : 30603
Skill : 213197 (From cards: 105817 - From lessons: 107380)
IM : 2660
Ego from fans: 140976 (1995 are drunks).
Ego from missions: 92819
Total: 233795
To participate in today's giveaway, just leave a comment and answer the question of the day. In addition, comments containing at least 2 sentences (20 words) will earn an additional +5000 Starbits. Also I won't accept one or two word and irrelevant comments. Good luck.
- Everybody commenting before 23:59:59 UTC (Coordinated Universal Time) on 21 March 2024 will be included into the giveaway.
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Good Luck to All Participating
Results of Last Giveaway
The post that is the subject of the giveaway : Click for the post
Since "Hive random comment picker" gave "RPCError. Try to change the node in extra options", I used "Hive Random Picker" to determine today's winner.
Congratulations @tydynrain your reward has been sent.
- Transaction TX : b88cb7a4257faed37b0aef49cf4ca39d8959c44e
Other participants:
@buzzking
@gs1
@hatdogsensei
@henruc
@imfarhad
@jfang003
@joseal2020
@olaf.gui
@paparman
@stamato
@subidu
@tydynrain
@vaynard86
Please read the rules, if you don't follow the rules, I ignore them even if you win.
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