How streaming Platforms pay ?
I was at a conference last week on the music business, i took some notes and thought I'd discuss it here on the forum. This one about artist remuneration...It's easy to see why artists want to force us to buy music by streaming or downloading.😐
Apple Music is one of the services with the highest rates of return:
100 listens to earn 1 euro
Deezer : 200 listens = 1 euro
Spotify : 350 listens = 1 euro
Youtube : 1600 listens = 1 euro
Napster : 59 listens = 1 euro
Tidal : 89 listens = 1 euro
Amazon : 277 listens =1 euro
Apple Music : 100 listens = 1 euro
Music streaming has now become the most important source of revenue for recorded music.
In 2024, 62% of global revenues will come from streaming services, with CDs and vinyl records and downloads accounting for 19.5% and 5.8% respectively.