Artists Are Not Making The Money You THINK They Are From Spotify Neither Is SPOTIFY
Ever since the internet less and less people have been willing to pay for music. Why pay 1 dollar for a song on Itunes when people can simply listen for free or maybe even download for free. Spotify a streaming platform made huge promises for music fans and musicians. Listen to all the music you want with little to no cost, paying artist royalties from the streams they bring in. It sounded too good to be true and it was after financial information was leaked.
In 2013 spotify earned 747 million euros, even though the platform keeps growing Spotify consistently loses 10s of millions of dollars yearly. You ask where all their money is going? Spotify pays 2 to 5 billion dollars to record labels for royalties. Record labels often take 80 percent of the earnings, after all expenses for ads, maintenance, etc... Then the artist gets paid. The artist made the platform what it is today, however they get the pennies left over for their hard work, this is most likely why Taylor Swift partnered up with other streaming services. If an artist who is upcoming wants to make money from their art its not bad to be on Spotify its a start, however there you're distributors have to be on the same page as you are. You need to find an team of distributors that can get you your deserved cut of royalties. Most times young artist sign up to random distributors, managers, labels, etc.. that suck every penny out of their careers. By the time an artist figures out how to make moves in the industry it can be too late, being tied up in a bad deal, or with bad management can take years to escape.
MALKO SHAMO IBRAHIM
- Malko Ibrahim