We all love streaming services like Spotify and Pandora because they give us access to millions of songs on-demand anytime and anywhere. But what about the artists who make those songs? Do they get something for their life’s work?
Spotify is a digital music service that provides users with access to millions of songs. It’s an extremely popular streaming service and many people use it for free. Spotify artists get paid when they have subscribers, which requires subscribers to pay $9.99 per month or the equivalent in your country. But do artists get paid for Spotify? How much do they get paid? Should you become an artist? Is the compensation fair?
If you’re wondering whether or not artists make money on Spotify, then good news and bad news. The good news is that yes, in fact, artists do make money from streaming services like Spotify. The bad news is that there are a lot of misconceptions about how much they actually make (mostly thanks to Spotify being famously secretive about how much they’re paying) plus it’s sort of unclear as to how much you get back in monetary value. There is the fact that artists earn something like between $0.006 to $0.0084 per stream, or between half of those numbers according to other sources.
What we do know is that if you’re going to become an artist, then your main goal should be to have as many streams of a song as possible. So yes, artists get paid for Spotify but it’s not nearly enough in some cases so make sure you go into the music industry with both eyes open and in no case rely only on these systems to make a living.
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