In past decades, lots of music streaming platforms have emerged where you can easily listen to music like Apple Music, Spotify, Deezer, Tidal, SoundCloud, YouTube Music, or Pandora. Spotify is one of the most used and preferred options. It has 172 million premium subscribers as of the second quarter of 2021 worldwide. The number is up from 144 million compared to 2020, Spotify subscribers have been increasing in the last few years and have doubled since 2017.
Different streaming platforms can be used from different devices and it enables users to browse a catalog through multiple record labels and create and sharpen playlists with other users. Listeners are able to leverage music for free with advertisements or are given the option to buy a subscription to enable unlimited ad-free music streaming. Want to know how these music streaming services really pay artists?
How Much Does Music Streaming Services Pay Per Stream?
There are numerous music streaming platforms like YouTube Music, Spotify, Apple Music, Pandora, and many more that enable an artist to connect with an audience. It does not have a fixed “pay-per-stream” rate. However, there are numerous payout systems, the streaming payouts depend on various aspects:
- Listeners’ territory or country
- The listener uses an ad-supported, freemium, or paid subscription model
- Promotional stream
- Distributor negotiated rate
- Inflation in each territory
When considering these aspects, we conclude that all streams are equal. However, some are more equal than others, artists are required to consider other factors, rather than cutting DSPs out completely. It is an effective source for keeping up-to-date with music and also the ability to enjoy the streaming services anywhere and at any time enabling customers to shape their consumption around their preferences and lifestyles. Want to know the streaming payouts of every music streaming service, then have a quick right here.
Spotify
Spotify is the biggest platform especially when it comes to streaming and offers a great revenue stream. However, they don’t pay their artists incredibly. The music streaming platform pays around $0.003 to $0.0084 per stream, however, the average payout is around $0.004 per stream and $2.29 per 1000 streams.
How much an artist will be paid depends on various factors. For example, not every country pays the same. It completely depends on the distribution contract you own as well as whether your music is streamed by users with premium and paid plans. To earn good revenue, an artist must be present on multiple streaming platforms. However, being featured on playlists can increase the number of streams.
To get a good addition to streaming revenues, many artists or streaming businesses are choosing to develop a Spotify clone script that helps them generate good revenue and improve user base at the same time and $2.29 per 1000 streams
Amazon Prime
The income from Amazon Prime means income from Prime members. Individuals with a Prime subscription have access to more than 2 million songs, and millions of podcasts, and can enjoy any content ads-free. They can take their podcasts and music anywhere with offline listening. Some songs among 2 million are paid on an average of $0,0013890 or ~$1,39 per 1000 streams.
Apple Music
Apple Music is one of the greatest additions to streaming revenue. They pay great and provide artists with a huge user base, hence the music streaming platform is considered as the best income stream. Apple Music pays an artist around $0,0067740 per stream and ~$6.77 per 1000 streams.
Deezer
Deezer is one of the top music streaming platforms. But it has a small user base compared to others. However Deezer pays a good income to artists, it pays around $0,0041232 and ~$4,12 per 1000 streams.
Parting Words
Many platforms have emerged where artists can contribute while the listeners can listen to music. These platforms include Tidal, Deezer, Apple Music, SoundCloud, YouTube Music, and many more. Spotify is the most known and most preferred music streaming platform. Nowadays many professionals or artists make good revenue by contributing to music streaming platforms.
However, there were no live shows during the pandemic, and these streaming revenues are significant. The payouts the streaming platforms pay per stream might differ. But as the streaming platforms are the center of the music industry it promises local artists good revenue, it also helps international artists to make a million, if they achieve success in creating buzz over the platform.
Author Bio:
Dilshad Durani is a seasoned Digital Marketer and Content Creator currently contributing her expertise to the dynamic team at Alphanso Technology, a leading company specializing in an open-source event ticketing system and PHP ticket system open-source development. Her insatiable curiosity fuels a relentless pursuit of knowledge, driving her to unravel the intricacies of changing trends, evolving marketing approaches, and ethical business practices.
