Here’s the important bit: When it comes to artist royalties, a musician or band that achieved 10,000 CD sales in 2007 would need 10m streams on Spotify to generate comparable cash. In the UK, we racked up 147 billion audio streams and around 2000 artists were streamed more than 10 million times – that’s up 25% in just two years. Overall, we’re listening to more music than ever before.
Its latest market breakdown, released January 2022, gives a comprehensive look at the UK music market as it was in 2021, revealing streaming consumption and sales figures for physical formats across the country.
Spotify news loudr update#
Music industry body, the British Phonographic Industry, issues an annual update on the state of play(back). To appreciate the sheer scale of music streaming industry, it’s worth taking a look at the size of the pie, and just how much the various ways we consume music are worth. How we interact with our favourite bands over a streaming platform is far more relevant.įor example, did you know you can now actively send a chunk of your monthly subscription fee directly to your favourite bands, courtesy of Tidal’s innovative Direct-to-artist payment feature? How streaming compares to vinyl and CD sales It’s the labels that distribute payments to the artists. Artists are paid by record companies, the labels, copyright management companies, or distributors, such as Tunecore and CD Baby. In the scheme of things, this really shouldn’t impact where you spend your streaming dollar.Ĭontrary to popular opinion, streaming platforms don’t pay artists directly. Reportedly, artists and bands earn around $0.0032 from Spotify per stream, compared to $0.0056 per stream from Apple Music.