Thursday, November 30.
That's a wrap.
It comes around so fast. Another year of speakers, headphones, EarPods, and the sounds that stir you like none other. These are the artists who soundtrack the days of your weeks, the weeks of your months, and all four seasons. Some melodies and lyrics will come to move you in ways that nothing else can, and distill a very specific moment in time. Such is the potency of music; such is the potency of the little slideshow on your phone that runs through the music that defined your year. It even tells you exactly who you are, and about time, too.
Spotify Wrapped is, above all, a time for sharing. And so we share with you our Sound of 2023: the deep, distant, and mystical sounds of the Conch Shell. Yas queen!
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What are you favourite artists really getting paid?
A comparison of streaming platforms
Music plays an incredible part in shaping our society. From protest songs, educational rhymes, folk, classical, rock, techno, indie and disco music, it shapes our world view in a unique and powerful way. The way of listening to music has changed dramatically over the last one hundred and fifty years, from live bands on corners, to the invention of the radio, record players, CD’s, tapes, electronic music and now live streaming.
However, in a world where everything is about profit and popularity, the competition between streaming services is stiff. The pay ranges from awful to poor and as the algorithm evolves to recommend new artists to you, who is really making the most money?
The obvious answer is the streaming platform itself. Spotify wracked in a $18.68 billion (AUD) revenue in 2022 alone. Although Spotify don’t post their net profit, they did report a $391.2 (AUD) million loss in 2022, assuming this loss came from their initial revenue, Spotify should, theoretically, have made a staggering $18.28 billion dollar profit.
This leads us to the artists themselves, with such a large amount of profit and roughly 11 million artists on Spotify, we can only assume that split evenly and leaving a $2 billion (AUD) dollar profit for Spotify themselves that each artist would be paid an average of $1480 AUD per year.
This is not the case. Spotify pays around $0.003 - $0.005 USD per stream, a pitiful amount. In fact, per 100,000 streams on Spotify an artist can only hope to gain around $300 - $500 USD. On top of this already insanely low number, Spotify practices a 70/30 model with an average of 70% of profit going to the artists themselves, while they take an additional 30%. This leaves us with around $210 - $350 USD profit. The remaining royalties are then divided between the songwriters, publishers, and owners of the master recording. This could include the artist themselves, but it could also be the label they're signed to, leaving an even smaller profit for the artists themselves.
One of the most popular artists in the world, Taylor Swift, makes around $0.0043 USD per stream on her music. The highest paid artist, Drake, makes around $0.0049 USD per stream on his music. To be considered for having a ‘good number of streams’, an artist needs around 10,000 to 50,000 monthly listeners, however only 213,000 artists have hit this threshold out of the initial 11 million we discussed earlier.
In conclusion, Spotify is a scam. Buy physical items, such as CDs, records, merch, concert tickets etc, to truly support your favourite artist. And for god’s sake, don’t use Spotify
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ALLIED MASTERCOMPUTER (IHNMAIMS) PLAYLIST WITH THEMES OF PLACEBO, LEMON DEMON, AND MUSE.
small warnings: (somewhat) suggestive themes
Sweet Bod - Lemon Demon
Man-Made Object - Lemon Demon
Every You Every Me - Placebo
Post Blue - Placebo
Plug in Baby - Muse
Map of the Problematique -Muse
134340 Pluto - Cojum Dip
Waltz in E-Major, Op. 15 "Moon Waltz" - Cojum Dip
God Race (Temptation Stairway) - Metaroom
backroom labyrinth - Oliver Buckland
Anemoia - Oliver Buckland
Autistic Genius - Graham Kartna
All Hail the Fisherman - Widdly 2 Diddly, Marina Hova
Lost In Bonerland - Nero's Day At Disneyland
Child Protective Services Theme Song - Nero's Day At Disneyland
link | requested by: anon
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