Tuesday, 7 November 2017
Research: How much money is made through streaming sites
https://www.economist.com/blogs/prospero/2016/02/music-industry This is a link to an article about the death of the full-length album but how through streaming sites such as Spotify albums are still making money even for small indie bands such as my band (palace).
"Spotify suggests that albums are still worth artists’ while on a fiscal level, even though they pay rights holders a seemingly measly sum of $0.006 and $0.0084 per stream. In 2013, they estimated that monthly royalties for a niche indie album were more than $3,000, $17,000 for a rock album, and $145,000 for a top-ten album. Global breakthrough albums could reap around $400,000."
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