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> Pay us at least one cent per stream > Spotify generally pays between $. 003 and $. 005 per stream Is Spotify making so much money that paying 3 orders of ma
by RHSeeger 6y ago
> Pay us at least one cent per stream
> Spotify generally pays between $. 003 and $. 005 per stream
Is Spotify making so much money that paying 3 orders of magnitude more money per stream is a realistic option?
- Reason077 6y agoThey're not asking for "orders of magnitude" more, but 2-3X more. The current average royalty is 0.38c per stream, and they want 1c per stream. That said, apparently most of Spotify's revenues already goes to pay artists, so it would not be achievable without significant increases in Spotify's fees. This would in turn reduce user numbers, leading to fewer streams, more users turning to piracy, etc.
- RHSeeger 6y agoThe places I'm looking show much, much lower numbers. > Spotify generally pays between $.003 and $.005 per stream https://www.businessinsider.com/how-much-does-spotify-pay-per-stream https://www.businessinsider.com/how-much-does-spotify-pay-pe... > Spotify paid the artists $0,0032 per stream https://soundcharts.com/blog/music-streaming-rates-payouts https://soundcharts.com/blog/music-streaming-rates-payouts It's also worth noting, we're not talking about the total amount payed per stream, we're talking about the amount that makes it specifically to the artists. From the article being discussed > To pay the median American monthly rent ($1,078) an artist needs to generate 283,684 recurring streams monthly. Those number directly align with 0.38c per stream going to the artists (283,684 * 0.0038 = 1078). And since everywhere else seems to indicate that somewhere around 3-5/100th of that amount actually goes to artists, I'm curious what the disconnect it.
- Reason077 6y ago> "The places I'm looking show much, much lower numbers. > Spotify generally pays between $.003 and $.005 per stream" This seems consistent with the 0.38c suggested in the www.unionofmusicians.org website. "$.003" = 0.3c, right?
- RHSeeger 6y agoI apologize, you are right. I misread it as talking about cents based on the second reference and then my brain just decided to take it's own path. Thank you for taking the time to make me go back and look at my numbers. My apologies for wasting _your_ time.