SPOTIFY OFFERS PERSONALISED LISTENING STATS - BUT THE NUMBERS DON’T QUITE SEEM TO ADD UP
Spotify has launched a very clever new site which allows you to track your listening habits on the streaming service over the last year. Mine are above (and that’s definitely true about the wonderful Instant Crush).
Last week, Spotify admitted that the average stream is worth around $0.007 to an artist/label. By that logic, the total revenue generated for artists/labels by my 5,530 streams is around $39.
What doesn’t quite add up, is that Spotify also stated last week that almost 70% of its revenue is paid out to artists/labels. But, even if my listening data only applied to 11 months of 2013, my monthly premium subscription fee of £9.99 has made Spotify a total of £109.89, or around $180.
So, if those 5,530 streams did generate about $39 dollars in revenue, that would mean that less than 22% of my total subscription payments went to artists / labels.
In fact, I’ve just worked out that In order for 70% of my subscription revenue to go to artists/labels at around $0.007 per stream, I’d have had to stream 18,000 tracks. And 5,530 sounded like quite a lot (it averages at about an hour of listening per day).
Perhaps my listening habits are still low by Spotify standards. Or, more likely, it’s all just a bit more complicated than that (as the $0.007 figure takes into account people using both the free and premium services). Still, hopefully after all that listening, some artists are reaping some sort of benefit.
What’s certainly clear is how much a part of my life Spotify now is. It really did change the way I listen to music. CS
ummm, just wondering. If $39/year from the total of your streaming goes to artists and Arctic Monkeys is your top one……..poor new bands!!!
Here at Jungle Indie Rock we dont use Spotify. I dont mind to pay for streaming but I prefer to stream the band live and buy the CD when the gig finishs. No, Spotify has not changed my life, it doesn’t even form part of it……
Great post in any case. Thanks to The Guardian Music for sharing this.
What do you think?
Take a listen to Arctic Monkey’s newest tune “You’re So Dark.” (via Listen: Arctic Monkeys - “You’re So Dark” | Under the Radar - Music Magazine)
What We Talked About When We Talked About Hip-Hop In 2013
Cedric Shine, Frannie Kelley and Ali Shaheed Muhammad, npr.org
We all listen to music differently. What we hear is shaded by our history, our knowledge, our equipment, our mood, our taste. But every year there are moments when everybody who lives and breathes hip-hop is talking about the same…
Wow! So amazing.