![]() ![]() Spotify considers “heritage artists” those who have more than 80% of their streaming comes from music that is at least five years old.Of the 57,000 artists who generated over $10,000 in revenue last year, close to 20,000, or 35%, of them lived outside the top 10 countries. Their top 10 markets include Australia, Canada, China, Italy, France, Germany, Japan, South Korea, the U.S. Available in 184 markets, Spotify helps artists extend the reach of their music.One-fourth of all artists who self-distribute their work on Spotify have generated more than $10,000 in revenue, a 200% increase over 2017. A lot of artists distribute their music using companies like TuneCore and CD Baby, but others choose to “self-release” their music on the Spotify platform.They contribute about 15% of all tracks uploaded daily to the streaming platform. Spotify estimates that approximately 200,000 aspiring artists generate about 95% of the total royalty pool on Spotify.In the last two years, Spotify has paid out more than $3 billion to publishing rights holders.This is an increase of 4,300 artists just five years ago! Spotify says that streaming platforms have lowered the barrier to entry for artists who might not otherwise have a way to reach larger audiences. For the first time, 10,100 artists generated more than $100,000 on Spotify across 100+ different countries.Reproduction without permission is prohibited. In 2022, that number more than doubled to 1,060 artists over the million-dollar mark.Ĭopyright © 2023 Authority Media Network, LLC. For example, in 2017, 460 artists earned $1 million or more. In addition, the number of artists earning $1 million or more has more than doubled in the last five years. “Every year, Spotify has paid out more and more money in streaming royalties, resulting in record revenues and growth for rights holders on behalf of artists and songwriters,” Spotify said in their report. Spotify does not pay the artists and songwriters directly. These entities typically receive payments first, deducting their fees before they are passed down to artists and songwriters. This includes record labels, publishers, independent distributors and others. This revenue comes from subscription fees from Spotify Premium subscribers and advertising fees from the ad-supported tier.Īmong the highlights is that Spotify has paid nearly $40 billion to music rights holders to date. ![]() In the report, Spotify revealed they pay out 70% of every dollar generated from music back to the industry. Earlier this week, Spotify released their annual Loud & Clear report, highlighting top findings from 2022 data. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |