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Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Following on the news that the music industry generated some $9 billion on Spotify in 2023, the streaming giant has revealed that half of that total went to independent labels and artists — $4.5 ...
Spotify for Artists states that the company does not have a fixed per-play rate; instead, it considers factors such as the user's home country and the individual artist's royalty rate. Rights holders received an average per-play payout between $.000029 and $.0084. [155] In 2013, Spotify revealed that it paid artists an average of $0.007 per stream.
Apple Music claims it pays artists a penny per stream — nearly twice as much as Spotify — in a letter posted Friday on the streaming service’s artist dashboard, according to the Wall Street ...
Spotify has provided further details on the record $9 billion it paid out to the music industry in 2023, which was first announced in January. For context, the company stated that the “amount ...
South Korean boy band BTS is the most-streamed group in Spotify's history. [ 1] The following list contains the most-streamed artists on the audio streaming platform Spotify. As of August 2024, Canadian rapper Drake is the most-streamed artist of all time, with over 100 billion streams. [ 2] American singer Taylor Swift is the most-streamed ...
In a statement, a representative for Spotify writes, “This letter is a press stunt filled with false and misleading claims. It’s an attempt to deflect from the Phono IV deal that the NMPA ...
Spotify reports paying on average US$0.006 to US$0.008 per stream. In response to concerns, Spotify claims that they are benefiting the music business by migrating "them away from piracy and less monetized platforms and allowing them to generate far greater royalties than before" by encouraging users to use their paid service. [33] [34]