Will Spotify Pay Artists $0.01 Per Stream? | How Streaming Royalties Work
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For a little over a decade now, streaming has completely reshaped the landscape of the music industry. And even before Spotify came along, the subject of streaming royalties has been a hot topic among artists, labels, and various other rights holders.
Currently the average royalty Spotify pays out is a little under 4/10 of a cent per stream. And that number has gone down over the years. But many artists think it should be much higher. In fact, a group of musicians recently got together to protest Spotify - demanding $0.01 per stream.
But will that happen? Is Spotify going to start paying artist $0.01 per stream?
Well, that’s what I’m going to explain in this video. SPOILER ALERT: No. They aren’t going to start paying artist $0.01 per stream. But the reason why might actually surprise you.
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