Here’s How Much Spotify Pays For 1,000,000 Streams
How much do artists earn through streams?
A guy who went to school with me has had some success as a rapper in recent years.
He is not yet a real star but his tracks have been streamed several million times on Spotify. Since then he seems to be on vacation only. On Instagram, he regularly poses on beaches and in front of expensive cars.
Does he really earn that much money?
In order to get an understanding of this, I took a look at how much you earn on Spotify.
Earnings Per Stream
It is difficult to find very precise information on how much a stream is worth. Presumably, this number also fluctuates.
According to Business Insider, artists earn $0.003 to $0.005 per stream. This means that it takes about 200 to 333 streams to earn a dollar.
- To earn $100 you need about 20k -33k streams
- 200k to 330k streams make you $1000.
- 1 million streams earn you about $3000 to $5000
As you can see with very successful musicians, you can earn a lot of money through streaming. However, you first have to reach a certain level of popularity to get many streams, which can take a while.
Drake and Ed Sheeran Set Records
According to hypebeast.com, Drake was the artist whose tracks were streamed the most in 2021. He achieved an unbelievable 8.6 billion streams in the USA. This alone earned him between 25.8 million and 43 million according to Business Insider.
In early 2021, Drake became the first artist to surpass the 50 billion Spotify streams mark.
The most-streamed song is “Shape of you” by Ed Sheeran. This song has been played a total of 3.12 billion times.
Summary
With a million streams on Spotify, you earn about $3000 to $5000, so for musicians who regularly release their music, Spotify offers a great opportunity.
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