Wednesday, April 21, 2021

Apple Music Pays Artists More Per Stream Than Spotify

Apple Music told artists it pays a penny per stream in a letter reviewed by The Wall Street Journal. Apple’s penny-per-stream payment structure—which music-industry experts say can dip lower (roughly double what Spotify).

The Wall Street Journal says Spotify pays an average of about one-third to one-half penny per stream, however, its larger user base generates many more streams. Apple’s payments come out of monthly subscription revenue from users.

In June 2019 Apple said it had more than 60 million Music subscribers. Spotify has 155 million paid subscribers — and 355 total when you figure in those who listen to the ad-supported version.  Apple Music doesn’t offer a free, ad-supported option. Both Apple Music and Spotify Premium subscriptions are $9.99 a month. 

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