What Music streaming services pay per stream in 2017 [Infographic]
Music streaming services have played a major role in reviving the music industry in terms of revenue.
Streaming sites like Spotify, Apple Music, YouTube and others pay artists according to how many streams their songs garner.
But can this revenue provide artists with enough money to survive on a monthly basis in relativity to minimum wage?
Compiling this data in a comprehensive way is difficult but the team at Information is Beautiful has managed to, after two years, release a new infographic citing how much major streaming sites pay per stream.
In order to do this they would need an independent variable which in their case is the monthly minimum wage of $1,206 in the USA.
Streams of money
So the question is: How many streams do you need in order to make $1,206/month?
Information is Beautiful compared 8 major streaming sites and tracked information like:
-Artist revenue per play
-Total users per platform
-% free users on platform
-Plays needed to make the monthly wage
-Annual loss/year per site.
Here’s how each music streaming service is performing and their respective payouts…
-5 million users
-$35 million loss for the site
-No free subscription.
You’d need 90 000 plays to earn $1,206.
-4 million users
-28% pay for subscription
-Loss of $28 million
You’d need 120 000 plays to earn $1,206
-27 million subscriber gain in 2 years.
You’d need 200 000 plays to earn $1,472.
Google Play Music
-5 million paid subscribers
You’d need 220 000 plays for $1,206
-16 million total users; 57% of which are free-tier
You’d need 230 000 plays to earn $1,472
-140 million users; 57% free-tier
-Loss of $194 million annually
You’d need 340 000 plays to earn $1,206
-$250 million loss
You’d need 1.1 million views to earn $1,206
-1 Billion users; 0.1% subscribe to YouTube Red
-$174 million loss
You’d need 2.1 million plays to earn $1,206
Judging by this it’s fair to say that not all Music streaming services are made equal!
Content sourced from Digital Music News