Connect with us

Hi, what are you looking for?

NEWS

Less than 0.4% of artists can make a living from streaming royalties, a study finds

The study analysed data from streaming services between 2014-2020 alongside interviews and focus groups.

Less than 0.4% of artists can make a living from streaming royalties, a study finds

A damning report, titled “Music Creators’ Earnings In The Digital Era” was released by the UK Intellectual Property Office in September. Exposing a harrowing truth about DSPs, the study revealed that less than 0.4% of artists achieve the required million streams per month to attain a sustainable and supportive independent income.

Researches used a combination of data from streaming services, interviews and focus groups with musicians between 2014-2020. One of the main takeaways from the report is the change in how musicians make an earning – mostly due to the rapid-changing streaming landscape and its ever-increasing adoption by consumers. 

The most astounding finding, however, is that only musicians with one million or more monthly streams—roughly 1,723 or 0.4%—can rely solely on this income. Out of all musicians who make the entirety of their income from music, 43% reported earnings of £20,000 or less, and 64% reported £30,000 or less. 

Perhaps even more surprising, Cherie Hu, founder and publisher of Water and Music, writes that 65 to 75% of streams for the top 0.4% of artists come from their back catalogue, rather than new releases. Hu also goes on to state that “the vast majority of these artists in the top 0.4% are likely signed to major labels”, estimating that the value per stream has decreased significantly over the last half-decade. 

You can read the full report of findings here.

SourceMixmag

Advertisement
Advertisement

Latest

EVENTS

A fortnightly feature highlighting some of the best upcoming parties over the next couple of weeks in the south of the UK.

NEWS

They were thrown back into the limelight in the 2014 film 'Guardians Of The Galaxy'.

EVENTS

A fortnightly feature highlighting some of the best upcoming parties over the next couple of weeks in the North of the UK.

NEWS

The report has revealed that most partygoers are already double jabbed.

NEWS

The rave dubbed 'Giga-fest' took place on 9th October, including a performance from high-tech minimal DJ Boris Brejcha.

EVENTS

Halloween is one of the busiest weekends in the party calendar.

NEWS

The album is by mathematician and musician Dr Valery Vermeulen, due for release on 3rd December.

NEWS

The exhibition space will showcase the history of electronic music, set on the same grounds as one of the oldest dance music clubs in...

You May Also Like

MUSIC

The classically educated German Techno artist drops his first album since 2015 - a 17-track collection on his Herzblut Recordings imprint.

NEWS

The Swedish EDM trio have been named in the Pandora Papers that were leaked, claiming the trio used offshore havens for numerous financial deals.

EVENTS

Seth Troxler, Maceo Plex, Sven Väth, Dixon, Solomun, Gerd Janson, Tale Of Us, Joseph Capriati and more will headline the 2021 edition.

Advertisement