Popular service that is the leader of the online music market Spotify A news focusing on the financial side for prepared.
European Unioncompared to all artists in the online music industry, major music/record labels and popular artists payment at a level that will not be low, He wants payment levels to be increased in general and artist promotions to be made fair accordingly. As far as it is reported, although they are the most popular place when it comes to listening to music, there are currently no clear rules covering online music services in Europe, and this is requested to be changed with new regulations. These are really important because artists get really low amounts of money from online music services. This issue was last brought to the agenda in a report published last year. Business Insider According to the news compiled from different sources, the amount paid by Spotify, the leader of the field, to artists / singers varies from country to country, but remains very low. For example, in the US market, singers receive $0.0035 per stream from US listeners. It is reported that Italian listeners were charged $0.0019 per listen. According to global calculations, on average, singers earn between $.003 and $.005 per stream.
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According to the same accounts, a singer To earn 1 dollar, your song must be listened to at least 250 times.. In summary, it is necessary to reach incredible streaming numbers to make good income. As it is said paid monthly There are other variables in earnings per song / track. For example, Spotify has more ad-supported free users, brings in less revenue than paid “Premium” users. In addition, the income generated does not directly go into the pockets of the artists / singers. Except for very big names, almost everyone uploads tracks to Spotify through an intermediary. Many big artists are required to share their income with the distributor/licensee companies they work with. As we said above, many artists Spotify It does not generate huge figures from it. Therefore, singers need other sources of income such as concerts and product sales.