Spotify has nearly twice the amount of subscribers that Apple does, meaning it contributes more to the music industry overall. In addition, neither subscription service directly pays artists and musicians on a per-stream basis.
Is Apple Music paying artists more than Spotify?
So, the average observed per-stream payout on Apple Music is $0.00551 vs. $0.00318 for Spotify. Does that mean that Apple Music is paying artists more than Spotify?, and well, maybe. However, the average payout rate alone is not enough to make this conclusion.
Does apple music pay more than spotify?
Apple Music pays double per stream than what Spotify currently pays out, according to a new report. However, this per-stream metric isn’t always the most helpful way to assess how music streaming services compensate artists.
She would be wrong. The way Spotify and Apple Music pay artists is simple. They take all of the money generated from users, whether by advertisements or subscriptions, and put in a big pot. They then divide that pot by the total share of streams each artist received.
In the letter to artists and labels, Apple told artists that it pays them 1 penny for each stream. So if you’re obsessed with your favorite song, you’d have to play it 100 times for the artist and label to make $1.
For those who are willing to pay, the field is currently more balanced. Apple Music and Spotify Premium are both $9.99 a month for individual accounts, and while Spotify’s Family plan is more expensive, it’s only by a single dollar per month. Both services also offer a $.99 monthly subscription for students.
Spotify, on the other hand, only lets you try Premium for a month before you either pay for a subscription or revert to the ad-supported free version. However, while Apple Music’s trial period is limited to an individual account, Spotify gives you a free month regardless of the plan you choose.
The conversation of Spotify vs Apple Music (and even Tidal), which was seemingly settled, has arisen out of the ashes of Neil Young’s Spotify streams. Everyone, even my dad, has been reaching out to ask about the best options for streaming music.
How much does Apple Pay artists?
Apple has revealed a bit about how much it pays artists in a letter discovered by The Wall Street Journal. In the letter to artists and labels, Apple told artists that it pays them 1 penny for each stream.
One inquiry we ran across in our research was “How much does Apple make from Apple Music subscriptions?”.
As far as how much Apple makes, the company said that it pays 52 percent of subscription revenue to labels and artists. That means Apple is making 48 cents on the dollar.
How much does Apple Music cost?
An individual Apple Music plan costs $9.99/month, which is the same as Spotify Premium’s $9.99/month rate. For alternative plans, find the tables below: Unlike Apple Music, Spotify allows you to use the service for free with a few caveats.
Are smaller artists better off on Spotify?
Though smaller artists ended up better off in aggregate, not all smaller artists gained —in fact, some were worse off. The data Spotify provided were anonymized so the researchers could not identify trends in which types of artists did better. Some music streaming services are considering making the switch .
One of the next things we asked ourselves was does Spotify hurt or help artists?
Hunt says that Apple found some artists making music on the “fringes,” like jazz, would gain. (Jazz is also hurt by the fact that Spotify pays by stream, rather than by minute of listening, since jazz tracks tend to be longer than most other genres.) But like the Finnish study, the impact is varied.
How much do music streaming services pay musicians?
Music streaming services like Spotify, Apple Music, Deezer, Tidal and Amazon don’t have a fixed “pay-per-stream” rate when it comes to paying out music royalties to artists. There are lots of factors that affect how much money one stream is worth in royalties.
How much do music artists get paid per stream?
Apple, as reported by The Wall Street Journal, announced that it pays artists a mere penny per stream, and (as stingy as that sounds) that’s actually good — comparatively speaking. That’s because Spotify is known to pay artists “somewhere between $.003 and $.005, ” according to Business Insider.