Spotify is good for artists. It is the default message of almost every point created by the latest version of Music Platform. Noisy and clear Music economy report.
Considering the recent criticism of the platform as a low royalty rate or unfair practices from some artists and industry insiders, you may think that SPOTIFY should be created.
For example witness, Snoop Dockrecent criticism SPOTIFY payment structure. He insisted that he had received less than $ 45,000 Accumulate more than one billion streams on the platform. (SPOTIFY I responded However, according to a statement on the TMZ last week, “1 billion of SPOTIFY is well recorded that millions of dollars will create millions of dollars for the right holders. It is unfortunate to hear that Spotify’s payment is not passing through snooping. ”
Spotify points out there in a new report Be Although he is an artist who makes a small amount on the platform, more Artists are making money on the platform at any time. And some of these artists are even becoming a “new three million copies.”
According to Updated report,,, 12 million The artist uploaded more than one track to SPOTIFY in 2024. 10 million 2023.
It was there 1,450 artists Who created 1 million dollars There are more royalties on the platform. (This is the number of recording artists who have created more than $ 1 million in recording and publishing royalties with only Spotify.)
The figure reached 1,250 people who produced so many things in the previous year. (SPOTIFY is assumed to be made by artists at least $ 4 million When you include different sources of income in 2024.)
Interestingly, spotify means more than that. 80% Last year, there was no single song REACH REACH’s Global Daily Top 50 chart in 2024.
They are not necessarily a legacy artist with sentimental artists from this day. Most of them have started music career since 2010.
Take out of spotify? “The success of the streaming era does not require a chart topping hit or 10 years of catalog. It is to continue to build a loyal fan base.”
But it is not just about 1 million clubs. More artists who get royalties at all income levels Noisy and clear The report says.
It was there 71,200 artists Who created $ 10,000 Or in 2024 12,500 Who created $ 100,000 Or more.
According to SPOTIFY, the two income groups have been about tripled since 2017.
Nevertheless, there 12 million Spotify’s uploader means more than that. 0.6% At least the Spotify Up Loader $ 10,000 2024.
The numbers of each royalty generating threshold, which are considered the percentage of the total uploader, become increasingly smaller as we go.
12,500 The created artist $ 100,000 More about last year’s spotify is just represented. 0.1% Among all uploaders.
and 1,450 artists Who created 1 million dollars I just explained 0.012% 12 million up loaders of Spotify.
According to SPOTIFY, what we are looking at is the paradox of the modern music industry.
Spotify said, “Streaming has made millions of people can easily share music worldwide. “But the huge amount of upgrader means that the fountain that refuses to succeed appears small over time.”
The MBW has previously found that it is useful to compare the success rate of another competition in the field of competition, which pursues the success rate of SPOTIFY’s uploader, with professional football.
It is worth this year’s what this new statistics mean to those who seek a career as an artist this year.
There is an estimate 220 million A soccer player registered around the world. According to FIFA’s 2023 Professional soccer report, “128,694 Professional male soccer players in 3,986 clubs in 135 countries around the world. ”
In other words, one of those professional footballers 0.053% The possibility of becoming a “professional” -ie, I paid for football.
As you can see, it is part of the opportunity (0.59%) of the artist. $ 10,000 Or more every year Spotify today.
SPOTIFY said that it was almost paid in another place in the report. $ 4.5 billion In order to publish right -wingers worldwide for the past two years, payments have seen the “double digit growth rate” from 2023 to 2024.
SPOTIFY said, “Through publishers, experts and collection societies, composers generate record profits led by streaming services.
Last year Spotify $ 4 billion The money has been paid by SPOTIFY over the past two years.
That new $ 4.5 billion The stats arrive in the bundling disputes between MLC and platform for machine royalties for American composers and music publishers.
“Through publishers, experts and society, composers are creating record profits led by streaming services.”
Spotify Clow & Clear Report
The report also emphasizes that the platform’s payment for a wider music industry has reached, as SPOTIFY reported earlier. $ 10 billion In 2024, $ 1 billion has increased since 2023.
Recipients of SPOTIFY’s music industry include record companies, music publishers, independent distributors, performance rights organizations and collection societies.
Only 10 years ago, the total payment of SPOTIFY in 2014 was one tenth of the amount. $ 1 billion.
In particular, this platform had about 15 million subscribers in 2014. 263 million As of the end of 2024.
“Spotify paid more money than other retailers or streaming services in 2024,” he said. “The $ 10 billion payment is the largest in the music industry history. The contribution of the highest record shop in the CD era more than 10 times more than a single retailer for one year has increased more than 10 times. ”
Spotify also reports that independent artists and labels are generally produced. $ 5 billion In 2024, the platform represents “half of the total spotify royalty of another year.”
that Noisy and clear The report also emphasizes something MBW As previously pointed out -Major is losing its market share on the platform.
According to the latest 20-F report on Spotify’s Securities and Exchange Commission, The Three MajorsSony music,,, Universal music groupand Warner Music Group) Plus Indie CEO Merlin Received 71% 2024 SPOTIFY payment 74% 1 year ago 87% 2017.
Spotify pointed out in the report that it cited IFPI and MIDIA data that it represents about one -third of the total recorded streaming revenue, but accounts for more than 50% of indie streaming revenue.
From the point of view Noisy and clear “In INDIES’s profit, Spotify’s excessive index shows that our models provide more opportunities for more artists to build sustainable career in the music field.”
“Thanks to the streaming, many artists are creating royalties at every career. Anytime more in music history. And we think that is really important. ”
Spotify Clow & Clear Report
But this report points out the problem of the spread of indie and DIY artists previously mentioned by others in the business. As the number of artists grows rapidly, the artist becomes more difficult.
As mentioned above, the explanation of Spotify’s “paradox of music industry” emphasizes this reality.
However, the company insisted that “thanks to streaming, many artists are generating royalties at every career stage,” he said. And we think that is really important. ”
SPOTIFY revealed this anywhere else in the report. “More language and various voices invade the mainstream, and more artists are successful over the border. ”
According to SPOTIFY, artists who created at least in 2024 $ 100,000 In the royalty of 2024, music recorded music 50 Language, at least a generated artist 1 million dollars There is music recorded on Spotify 17 Other languages are more than double the language at the critical price in 2017.
SPOTIFY also emphasized how to “fuel the artist’s success as a fuel of the artist.” The report pointed out that in 2024, more than 50% of artists who produced more than $ 1,000 with royalties in SPOTIFY made most of their income from listeners other than their homeland.
The company said, “This shows the central role of exporting from the success and sustainability of the artist’s career.
I saw that more than 75% of the royalty came from the outside of the country.
and $ 100,000 Level, more than 80% of this artist, “cooperated with musicians abroad”.
The last notable idiot of the report: Spotify is as follows: While now 500 million paid music streaming subscribers The world (IFPI), “The future with $ 1 billion paid listeners will not reach.”
Chartmetric It is an all -in -one platform for artists and music industry experts, providing comprehensive streaming, social and audience data so that everyone can create a successful career in music.World music business
