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you-need-not-apply · 5 months

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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

#spotify #spotify wrapped #streaming #music streaming #taylor swift #spotify playlist #spotify music #spotify update #playlist #songs #spotify link #drake #youtube music #essay #essay of stupidity

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cyarskaren52 · 5 months

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My Spotify wrapped in a couple of gifs

#Spotify #new music #songs #favorite songs #playlist #soundcloud #spotify wrapped #spotify music #spotify update #spotify link #spotify playlist

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updatingranboo · 9 months

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ranboo made a new playlist on spotify !!

#spotify update #ranboo #ranboo update #generation loss #generation loss update #Spotify

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spotifymariah · 2 months

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Mariah Carey's most streamed songs on Spotify (February 14, 2024).

#mariah carey #spotify update

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unionize-aromantically · 4 months

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I actually feel like the Spotify update now improved the app. It made it so you can see all the playlist a song is in when you add it to a new playlist. Making it easier to move a playlist from a to b and to know what playlists the song is in.

#ink.post #Spotify features #spotify update #playlistblogging #musicblogging

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big-idiot-wolf-boys · 6 months

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Spotify update can eat my entire dick

#not twilight #v talks #why would they get rid of the like button #making it add/remove to playlists destroys any streamlining and efficency #whats the point of having liked songs then?#spotify #spotify android #spotify update

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jimin-updates · 6 months

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Jimin’s Spotify profile has earned over 2.1 billion streams!

Cr

Let’s keep streaming to show Jimin how much we appreciate his artistry and good work.

#Jimin #Spotify #spotify update

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mikewheelerscloset · 6 months

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the new spotify update is gonna be my 13th reason

#spotify #spotify update #i hate it here

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chaoticlivingperson · 7 months

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I hate the spotify update so much. I thought the last one was BAD but it's nothing compared to this one. Like wdym playing the playlist in order is a premium feature???? I can't see lyrics???Wth?? I hate it here T-T

#Spotify #spotify update #i hate it here #just whyyyy

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legendarymusicmilkshake · 7 months

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Having a mental breakdown 🥰 the Spotify update isn't HELPING 🤪 I thought it was just me and my Spotify account against the world. Turns out I've been betrayed 😔✊🏼

#Spotify update #Spotify premium #spotify #i hate it so much #i hate it here

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cyarskj84 · 5 months

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