Spotify paid out more than $1 million in royalties apiece to 1,040 artists in 2021.
for publishers and songwriters handed down in 2020 by the U.S. Copyright Royalty Board.
But the numbers — both royalties and the number of recipients — are trending up. In 2021, over 238,000 songs were streamed more than 1 million times on Spotify. In 2020, that number was 207,000. Last year, the number of tracks that reached certain thresholds for number of all-time streams — whether 10,000 or 10 million — grew by more than 20%. The number of tracks to have 100,000 total streams increased 26% to 3.4 million.
Critics often paint Spotify itself as a barrier to entry, a gatekeeper that determines who gets to find a larger audience. Spotify certainly wields a great amount of power in determining winners and losers through its in-house playlists. To that end, Spotify points out that more than 150,000 artists were added to a Spotify playlist for the first time in 2021, up from 64,000 in 2020.
One thing Loud & Clear avoids is discussing royalties on a per-stream basis. “We don’t believe the per-stream rate is a meaningful rate to analysts because fans don’t pay per song,” says Johnson. External sources typically put Spotify’s per-stream royalties — somewhere around 0.4 cents on average — well below those of its peers. But, for the most part, streaming platforms pay royalties based on the number of times a track is streamed.
The data shows streaming is still a bit top-heavy and big stars receive an outsized share of the money: in 2021, 12% of U.S. streams came from just 50 artists. Globally, 2,700 artists with an average of $473,000 in annual royalties fell into the “heritage” category, meaning they had more than 500,000 monthly listeners and 80% of their streams came from tracks more than five years old. But the rising tide is lifting less popular artists, too.
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Spotify Says It Paid $7 Billion In Royalties In 2021 Amid Claims Of Low Pay From ArtistsI'm a breaking news reporter focusing on arts and entertainment. I previously worked as a features reporter at the New York Post, where I covered pop culture, and at the Boston Globe and Boston.com I graduated from Emerson College in 2017 with a degree in journalism. Follow me on Twitter MarisaDellatto or reach out at mdellattoforbes.com.
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