Which Streaming Service Pays Artists The Most Money 2022?

Can you really make money by digitally distributing your albums and songs online?

Today, publishing and distributing your songs through digital players, streaming services, and online stores is easy and almost instantaneous. Almost all the artists who work in the music industry use this recording sector all over the world.

Today, streaming services are a segment of the recording market that can generate more revenue directly for the artists themselves and revenue for labels and publishers. Suffice it to say that digital music streaming services accounted for nearly 80% of the entire global recording market between 2020 and 2021 alone.

Which Streaming Service Pays Artists The Most 2022

The Swedish music streaming service Spotify can be considered the main leading platform that has long and confidently established itself in the global music market. This streaming service is considered attractive to artists. It pays much less than its main competitors. But at the same time, it has about 400 million active users every month, which automatically implies a simply colossal number of streams. Streams are inexpensive, but there are a lot of them. And the other side of the coin in this case can be considered the very rapidly growing popularity of artists who collaborate with the Swedish streaming platform. This happens both because of the huge number of users and because of the wide distribution of Spotify around the world.

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Numbers in practice:

1. Spotify, which is rightfully considered the leader of the global streaming market, pays $0.0043 per stream. This means that in order to earn $4.30, a song would need at least one thousand plays.

2. Apple Music, which effectively supplanted iTunes as the platform at home from Cupertino, achieves slightly higher numbers, averaging around $0.0073 per play (i.e. $7.35 for every 1,000 plays).

3. Deezer, although its appeal has fallen heavily compared to its direct competitors, remains with numbers similar to those of Spotify, with $0.004 for every 1,000 plays.

4. Amazon Music stays in the same vein as Spotify, paying around $0.004 per stream.

5. YouTube, while not really designed for music streaming, but mostly known for its incredible video service, it pays the least: only $0.001 per stream, or $1 for every 1,000 streams.

6. By contrast, Tidal, the streaming player launched by rapper Jay-Z, pays the highest numbers, but don’t get too excited: it’s about $0.0125 per stream, going up to $12.5 for every 1,000 streams.

So, in the first place in terms of payouts to artists is the music streaming service Tidal.

As we can see, in fact, the earnings of artists through music streaming are actually not that high. In order to make really big money on music streaming services, you need to be in the 5% of artists who get 80 to 90 percent of all platform profits, which are paid in the form of royalties. But at the same time, music streaming services remain hardly the only source of income for many musicians, especially during the period of quarantine restrictions.

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