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I released Spotify on the annual Tuesday A loud and clear reportDetailing information about property rights payments for music flow. While Spotify earlier this year revealed that he Pay 10 billion dollars To the music industry in 2024, the new report offers more in -depth numbers about its payments in an attempt Reports The company does not properly reward artists for their work.
For the first time, the artist who got one of every million streams on Spotify had generated more than $ 10,000 on average in 2024, which represents 10x what she had gave birth to a decade ago.
Although Spotify describes the amount you paid to artists and songwriters, many of them are demanding fair compensation for the broadcast service. A few weeks ago, there are a number of songs nominated for Grammy Spotfi song writer boycotted the year Grammy Party due to low music broadcast a royalties. Because of the change made by Spotify last year, The advertising board has been estimated Books stand to lose about $ 150 million over 12 months.
In addition, a A new report from Duetti (This Spotify was rejected in Previous statement of TechcrunchI found that Apple Music still pushes artists twice like Spotify. It was found that Spotify paid artists $ 3.0 per 1000 streams, while other platforms such as Amazon Music, Apple Music and YouTube paid $ 8.8, $ 6.2 and $ 4.8, respectively, per 1000 streams in 2024.
After issuing the report, I told Spotify Techcrunch that “these allegations are ridiculous and baseless, and that” there is no flow service that pays for each stream. “
The new Spotify report is trying to reject these reports and concerns. The report shows the company’s payment form to explain how artists and publishers receive revenues on its platform.
The company explained in its report: “All the main broadcasting services calculate all payments in the same way: based on Streamshare (if the artist’s catalog represents 1 % of the total flows, you will get 1 % of the total royalties),” the company explained in its report. “However, the misconceptions about” interest rates for each channel “remain widespread. Broadcasting services are not paid on a fixed price for each basin-just like listeners who do not pay every song they listen to.”
The Union of Musicians and Allied Workers (UMAW) calls for Spotify to somewhat compensate artists, especially independent and young artists who are struggling to gain live. Congress Rasida and a member of Congress Jamal Bowman presented last year The work of living for musicians In partnership with UMAW, in detail a proposal aimed at increasing broadcasting royalties for one -city per cent of each stream.
“It is easy to calculate what Spotify pays directly to the artists registration: $ 0,” a UMAW spokesman said in a statement to Techcrunch.
“There is no pay directly to the artists’ registration via Spotify, because the company claims the way it is flowing into any organization or requirements that exist for direct payments for musicians-unlike other digital platforms such as satellite radio, or online broadcast, or “unequal”, which all artists paid directly. This needs to change, clearly. For musicians to close this vulnerability and make broadcasts pay the musicians who create content for other platforms and other platforms.
Spotify’s report tells that its payments are improving, despite the concerns of this industry.
The report reveals that the number of artists who generate royalties has doubled three times since 2017.
Over the past decade, the 10,000 artist on Spotify has witnessed an increase in royalties of approximately 4x-from $ 34,000 to $ 131,000, while the 100,000 artist has seen her royalties generating more than 10x-increasing from less than 600 dollars in 2014 to $ 6000 in 2024.
In addition, the company revealed that approximately 1500 artists produced more than a million dollars of royalties from Spotify alone last year. Spotify notes that 80 % of these artists had no song up to the Spotify Global Daily Top 50 in 2024, which means that many of them are not home names.
Spotify also participated that artists who have achieved at least $ 100,000 of royalties record music in more than 50 languages in 2024, while artists who achieved at least $ 1 million on Spotify music are registered in 17 different languages.