Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.
Spotify doesn't make profit from music streaming, despite having over 400M monthly active users, because it pays two-thirds of all its revenue to the rights holders.
Despite being the king of music streaming, Spotify is struggling financially, but why?
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And snoop dog complains after receiving a measley $45k from one billion streams.
My Spotify wrapped had a special message from Weird Al (I know, I have great taste!) with the following:
“It's my understanding that I had over 80 million streams on Spotify this year. So if I'm doing the math right, that means I earned $12, so, you know, enough to get myself a nice sandwich at a restaurant. So from the bottom of my heart, thanks for your support. And, uh, thanks for the sandwich.”
Spotify iirc pays $0.003 per stream, so for 80m streams he's got $24,000.
If he's got less than that then he should be directing ire at his label or publisher.
Your math is correct.
Weird Al was exaggerating to make a joke and a point.