An updated chart with comparisons of artist payments on streaming services has been prepared and released by Information is Beautiful. The Chart esitmates that 2.4 million plays on YouTube will pay-out $1,472 to an unsigned artist. The math on that works out to $0.0006 cents per play. With a margin like that, how are streaming services reporting losses? Youtube for example loses $174 million per year on music streams.
“Some artists say they’re not earning enough from music streaming. But streaming companies like Deezer, Spotify and Napster are still making a loss. So how much do the streaming apps pay the music industry? and how does the size/popularity of a service impact the likelihood of musicians earning a living from it? Updated June 2017 with new figures showing Spotify’s free tier is helping it grow faster than Apple Music.”
Can we go back to buying CDs at HMV? nope… but the new ‘business’ model still needs some work. Is it still a business even?
Spotify’s growing faster than Apple Music – thanks to free music. How does this affect musicians? Our viz updated: https://t.co/PGIp3ybYdV
— Info=Beautiful (@infobeautiful) June 23, 2017