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Honkin On Bobo
1170 posts
Dec 05, 2013
12:17 PM
From time to time the MBH forum lurches into "the business of music" territory. In that spirit I offer the following from a brief WSJ article yesterday regarding spotify, strictly as an FYI.

The takeaways:

1. Each time a user listens to a song, rights holders are paid between 0.6 and 0.84 cents.

2. Spotify paid out $500 million in royalties in 2013 so far, representing about half of all royalties sent out since they set up shop in 2008.

3. The big "hits" can make money, as an unnamed "global hit" album received $425,000 in July, a top 10 album $145,000 in that same month. Spotify also claims that an unnamed "global star" was paid $3 million over the past year.

4. Spotify lost $80 million last year, and claims to pay out 70% of what it takes in as royalties.

5. Lastly, (for finance geeks), the company attracted $250 million in new funding last month valuing the business at above $4 billion.

If all of the above was a) known to you, b) boring as hell or, c) both a and b; my sincerest apologies......carry on and remember ....if at first you don't succeed, keep on suckin' 'till ya do succeed.

Last Edited by Honkin On Bobo on Dec 05, 2013 12:18 PM
kudzurunner
4419 posts
Dec 05, 2013
6:40 PM
Forget about Spotify. Forget about making any money, 99.99% of you, from streaming royalties. It's a terrible deal. You make several HUNDREDTHS of a cent per play.

I experimented with "Big Boss Man" from the Satan & Adam album, releasing it through CD Baby in a way that made it available through many streaming sites such as Spotify. It was a waste of time. I realized that the moment I saw the royalty statements.

By contrast, iTunes and Amazon pay something like 67 cents per download. That adds up pretty quickly.

If you release your own music, please trust me on this. Don't release your music through "anything that pays," as CD Baby puts it. Make people purchase it and pay for it. That's the only chance you have of actually making money on it.

Last Edited by kudzurunner on Dec 05, 2013 6:41 PM


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