When it comes to the hard facts of these popular streaming platforms; I truly don’t know how indie or mainstream artists are surviving off their craft
Do Artists still feel inspired to create music when facing financial struggles? Many Artist face financial challenges, and it’s essential to recognize the value of their work. Supporting your favorite artist through various means, such as streaming, attending concerts , or purchasing merchandise make a difference!
Spotify pays artists and labels. Spotify pays royalties based on the number of streams, but the amount paid per stream is relatively small. As of 2024, Spotify pays between $0.003 and $0.0084 per stream, depending on the type of license and the artist's agreement with their label or distributor.
To give you a better idea, here are some approximate numbers:
- 1,000 streams: $3-$8
- 10,000 streams: $30-$84
- 100,000 streams: $300-$840
- 1,000,000 streams: $3,000-$8,400
The numbers don’t seem right at all, you would think since Spotify is such a huge platform, they would find a way to support the artist more. Taking sone kind of stand to raise the compesation.
Spotify is the most popular streaming service amongst their competitors . I hate to say it
but Spotify seems to be ripping artist off even if it’s not the intent . Artists are creators giving music to the world. Their creative expression, making music is one of the most powerful influences we have. Music can change how a person feels, Your favorite song can make you fall in love, reminisce, feel happiness and healing. Artists need to be compensated properly just like any other sought after professional.
Now let’s talk Apple Music
Apple Music pays artists $0.01 per stream on average, making it one of the highest paying music streaming services However, the amount artists receive per stream can fluctuate based on factors like listener location and subscription plan To maximize their streaming revenue, artists can employ various strategies, including creating engaging content, utilizing Apple Music's promotional tools, and regularly updating playlists
The highest paying music streaming service is Tidal
Tidal offers the highest rate of $0.01284, which is nearly three times as much as other music streaming services with large user bases.
Deezerr -Artists can earn $0.0064 per stream, with 178 streams marking you $1. It usea a user-centric payment system streaming services pay artists relatively low rates due to several factors:
The Business model for these Streaming services prioritize subscriber growth and market share over profit margins. They aim to keep costs low to attract and retain users.
*Revenue sharing*: Services split revenue with record labels, publishers, and other rights holders, leaving a smaller portion for the artist.
Royalty rates are often set by law or industry standards, and services may not have much flexibility to increase them.
To improve payouts, artists and labels are exploring new models, like:
1. *Direct-to-fan* sales
2. *Independent distribution*
3. *Label-owned streaming services*
4. *Alternative revenue streams* (e.g., live performances, merchandise.
The music industry is evolving, and efforts to improve artist compensation are ongoing.
A new groundbreaking platform that is a direct to fan streaming service is EVEN. The EVEN platform is changing the music culture for artist to make more money and truly connect with their fans. Artist on EVEN are making an average of $1.25 per stream. All Artist, if you are looking for a change, EVEN iOS a change in the right direction! Artist need to be joining this movement right now. EVEN’s model is to empower the artist. It's so many Dope innovative Artist teaming up with EVEN, such as Coast Contra, Serayah, LaRussell etc. Indie Artist get in tune today,
It’s a new day Artist and the new kid on the block is coming to get EVEN!