Over 200k Spotify Artists Had a Million Streams in 2021Īnd yet over 200,000 people successfully did just that in 2021. Sorry to kick you while you're down, but the truly depressing part about this stat is that you would need over 300,000 (~303k total) streams just to make $1,000 on Spotify. So, as a musician, you have slightly better odds of earning over $1,000 streaming on Spotify in a year, than a college football player turning pro. So my headline there is a little misleading, but for the mathematicians out there, that's a 1.6% conversion rate of going from college football player to pro.
Amazon music for artists professional#
Of those eligible to go to a professional league (think age requirements here,) 254 successfully made the transition. Of those players, 16,380 were eligible to go pro. In 2020, there were 73,000 football players in the NCAA (Division I to Division III. Musicians Have a Slightly Better Chance of Earning $1K Than Going NFL If you need some added context, don't sweat, I got you. The actual figure is that 1.85% of artists earn more than $1k a year streaming (I was just rounding up.) Yikes, that figure hurts. According to Spotify's Loud & Clear, 203,000 out of the over 11 million artists on Spotify (new figures from Spotify Q4 earnings call) earned over $1,000 in 2021. Which brings us to our next installment - what can you expect to earn by streaming on Spotify? How Much Do Artists Earn Streaming on Spotify?Īround 98% of Spotify artists made less than $1,000 a year on streaming in 2021. Spotify's leverage and forced predicament is the biggest reason why independent artists rarely make a living wage through streaming on Spotify. It's the independent musician's dilemma of the day. Spotify is banking on artists choosing quality exposure to a valuable audience over artists choosing to focus on platforms that pay the most revenue per stream. So they naturally pay the worst for a stream - because, why not? Spotify knows that they hold one of the most valuable audiences, which happens to be the largest share of music-specific paid subscribers by a significant margin. With this revenue per stream information alone, it seems that Spotify has put us artists in an interesting position. If you go that route, hopefully, those distributors will be able to increase your stream count so you ultimately bring in more income. If you work with a distributor, and your arrangement involves placing your music on Spotify, let's say CD Baby or Tunecore, you can expect your cut to decrease even more. Here's the sand in your eyes while you're laying on the ground. And yet, the best-case scenario for streaming revenue is $10k, and the worst-case scenario is $3.3k. There's a lot of sweat, tears, and luck involved in getting one million streams in a year. Yes, you read that correctly, Spotify pays out $.0033 per stream. If you were to get one million streams on Apple Music, the platform would pay out around $10k.įor comparison, on average, YouTube pays $.008 per stream, Amazon Music pays $.004 per stream, and Spotify pays $.0033 per stream. The average artist gets $.01 per stream on Apple Music, which is significantly higher than the other popular platforms in the United States. What Streaming Service Pays the Most per Stream? I'll show you what each major streaming service pays per stream, what other independent artists are currently making, and where your audiences stream music.
In this article, I'll help you figure out which platforms to prioritize. To pick the best platform and get the most out of streaming, there are some other factors outside of revenue per stream that you need keep an eye on. Streaming is essential to building a music career for today's artists, but it's not all rainbows and butterflies, especially if the best paying platform averages $.01 per stream.
Although Apple Music has half the subscribers of Spotify, on average, it pays nearly three times the amount per stream compared to Spotify. I decided to research which music streaming service is the best at building income for musicians.Īpple Music pays musicians the most per stream, averaging $.01 per stream. As a musician, I know that streaming services are an important part of promoting my music, but not necessarily the most profitable part of my business.
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