It’s an interesting time for the debate surrounding how — and how much — streaming services pay different factions of the music industry.
Music Streaming has always been a cutthroat market, with the leading companies not having many positive things to say about one another. Get an understanding of the rates musicians are being paid across all streaming platforms like Spotify, Youtube, Deezer, Apple and Amazon and find out how you can improve your income as an indie musician.
What are the rates they pay artists?
For every 1,000 plays, an artist can earn $9.20 from Apple Music, 4.70 Tidal, Amazon Music 2.30, Deezer 1.00, $.70 from Spotify, and YouTube only pays out $0.60 per 1,000 streams.
How does an artist make money?
By building a brand and using direct to fan marketing. Artists are crowdfunding, selling merchandise and creating fan experiences to capture their audiences on social media.
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What is the issue?
In January 2018, the U.S. Copyright Royalty Board, a three-judge panel that determines digital music payment rates, raised the amount of money that services like Spotify have to pay to songwriters — from 10 percent of revenue to 15 percent of revenue over a five-year period, which is a significant increase that took a long time to negotiate and that the National Music Publishers Association hailed as “the biggest rate increase granted in CRB history.”
Is Spotify actually suing songwriters?
No — and Spotify has taken care to clarify this itself in a blog post, writing that its issue is with the new rates set out in the CRB’s decision. While “it’s natural for everyone to want a bigger piece of [the revenue] pie,” Spotify said, the rates that the CRB has decided…