“Streaming services don’t pay out based on a fixed per-stream rate – just like listeners don’t pay per song they listen to,” reads the report. “In 2024, 0.0001pc [one in 10 thousand] of total streams generated over $10,000 on average.”
Although, this means that more than half of all the approximately 225,000 emerging or professional recording acts on the platform globally don’t make enough from their streams to earn a living, according to Spotify’s own numbers.
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Suhasini Srinivasaragavan is a sci-tech reporter for Silicon Republic >>>
Interestingly, Spotify says that more than 80% of the artists who earned over $1 million in royalties last year didn’t have a single song reach Spotify’s Global Daily Top 50 chart in 2024.
Nor are they necessarily legacy artists with a sentimental following from back in the day – the majority of them only launched their music careers after 2010.
Spotify’s takeaway? “Success in the streaming era doesn’t require a chart-topping hit or a decade-spanning catalog – it’s about building a loyal fanbase that keeps coming back.”
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