How Much Can You Make From Music Streaming In 2022?

Music market analysts claim that streaming contributed over 80% of all music industry profits in 2021. Therefore, there is nothing surprising in the fact that the interest as a source of income among performers and composers has grown many times over. The explosive growth of the global market for music streaming services stimulates artists to earn money by receiving royalties from posting their compositions on these platforms.

So how much can you earn from streaming music? Profit from scrolling a song or simply a piece of music is called royalty. Music streaming services pay royalties for the use of the work. Payments are made at regular intervals. Moreover, each streaming site sets its own payout period, for example, once a month or once every six months.

The coronavirus pandemic has dealt a severe blow to the music market as a whole. Before the pandemic, performances were the main source of income for musicians, but the epidemic has made its own adjustments. You can forget about selling music on physical media or on the Internet, since these methods are completely destroyed by music streaming services today.

Consider royalty payments using the Swedish music streaming giant Spotify, which has paid performers $ 16 billion in royalties as of 2021.

Spotify works by targeting the big pop artists who have millions of views to make money from. Little known artists are here because most people just stream. The big advantage is that someone can find new artists, add to the playlist and thus help them gain popularity.

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How much does Spotify pay exactly? For one stream, an artist or group gets about $ 0.0032. So for one dollar you need 229 streams. But this is only an average figure, the real picture may differ significantly from the average. The royalty figure is not static, it largely depends on the total number of times a streaming service has been listened to, on its net profit, as well as on the percentage of net profit that streaming owners pay to the performers.

Profit depends largely on the number of paid subscribers and on the funds received for advertising. At the same time, it is very important in which country the content was most often reproduced.

Profitability, music promotion, and global reach are not the only benefits of streaming. For example, Spotify gives musicians and their representatives access to a tool that, on the one hand, allows you to personalize the artist’s profile, and on the other hand, collects valuable data about the audience – where they are from, how old they are, and so on. This information can later be used when planning concert tours or choosing the next single.

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