Video: Are Music Streaming Services Starving Your Favorite Artists?
You might think paying $9.99/month for a Spotify or Apple Music subscription is enough for all entities involved to make a pretty penny. The hard truth for musicians is they don't even make a penny when one of their songs are streamed. Just how little is paid to artists per stream may surprise you.
How much is paid to musicians per stream varies by music service and a number of other factors. On average revenue earned by musicians from streaming is around $0.004 per stream according to a number of industry sources we cross referenced.
Until there's a new business model around music streaming, the best way to support your favorite artists is by buying their physical media such as records, CDs, tapes, or merchandise. Even purchasing digital music downloads gets real change into artist pockets, generally 70 cents on the dollar.
If you've watched the video, do you still think the music streaming platforms fairly compensate musicians? Or is there a better way? I'm sure you gong to enjoy, and be informed, with my video below.
Host: Emiko from eCoustics, Enjoy the
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