Spotify on Tuesday loose annual A loud & clear reportDetailed information on music streaming music payment of music. When Spotify reveals early this year Pay $ 10 billion Go to the music industry in 2024, the new report offers a deeper number about the payment Dispel Report that the company is not giving forth the artists correctly for their work.
For the first time, artists who received one million in the throughout $ 10,000 in 2024, which is 10X what will be done by the past, the report said. The report said.
When Spotify is a texting amount that you have paid for artists and residents, many demands compensation from streaming services. A few weeks ago, some of the Grammy-Nominer selected song writers A year’s bootifi writer song Grammy party because of music streaming reduces royalty. Because the changes are introduced by Spotify last year, Billboard has been estimated The author will lose about $ 150 million in 12 months.
In addition, a New Report from Duetti (which condify has fired in a The previous statement to TechCrunch) Find that Apple’s music still pay twice twice as Spotify. Meanworthy that it represents $ 3.0 per 1,000 stream like another music, Apple music, and YouTube paid $ 8.8, and $ 6.2, respectively, every 1,000 stream in 2024.
After launching the report, Spotify tells techcrunch if “the claim does not make sense and unreasonable,” and the service paid by each stream. “
A new spotify report trying to break the report and concerns the concerns. The report details the company’s payment model to explain how artists and publishers earned in the platform.
“The main streaming service” is still, mislationships about ‘Per-stream rates are fixed. Streaming services do not pay based on fixed stream levels – like the audience does not pay every song that they listen. “
The union of the musicians and laborers’ (Umaw) has been calling for the artists with fairness, especially self-conscious and smaller artists are struggling for money. Congress Rashida Tlaib and Congressman Jamaal Yorman last year introduced Lifan Living for Musicians Act With partnership with Umaw, detailed about the proposal that the purpose of increasing royalti streaming for musician musicians are one cent.
“It’s easy to calculate what Spotify immediately to record artists: $ 0,” talk to Umaw said in a statecrunch.
“No direct payment to record spoty artists, as the company states the image that is to be a lively, or ‘pays for the content for Spotify and other platforms,” This claim concluded.
Tout Report Spotify that paying better, although the worry of the industry.
The report said that the number of artists have been tripled from 2017, the past, the upper artists in Spotify earned more than $ 5 million, more than 200 artists beyond the milestone.
The past decade, 10,000 ranked artists have seen Royaltiate increases nearly 4x – when $ 34,000 for $ 600 in 2014 to $ 6,000 in 2024.
In addition, the company is nearly 1,500 artists made over $ 1 million in royalty from Spotify themselves last year. Spotify notes that the 80% of these artists do not have a song to reach spotted 50 charts daily on 2024, which means a lot of people who have no household names.
Spotify also shows that artists that produce at least $ 100,000 in the royalty of the music income more than 50 languages in 2024, when artists produced at least $ 1 million in 17 different languages.
