Spotify Flunks Loud & Clear
The Loud & Clear report revealed that only 16,500 artists on Spotify platforms generate over USD50,000 in annual royalties..
Digital Streaming platform Spotify recently released some shocking statistics via its Loud & Clear website that have triggered waves of concern among music execs worldwide.
The Loud & Clear report revealed that only 16,500 artists on Spotify's platform generate over USD50,000 in annual royalties.
This number represents less than 10% of the 200,000 artists Spotify officially recognises as "professional or professionally inspiring". of which 165,000 have over 10,000 monthly listeners.
That 200,000 represents just over 2.0% of all total artists on the streaming platform.
But with just over 8,000,000 artists on its platform, 5.4 million artists have less than 10 songs in their catalogue.
So in essence, two-thirds of Spotify artists do not have enough material to fill a ten-track album, attract more than 10,000 listeners and earn over USD50,000 in annual royalities.
Are you one of them?
