Making money in the streaming business is very tough.
Each one of the music streaming services pays out a different amount if you do manage to crank out a hit single.
Music industry expert Brian Garrett was kind enough to break down how streaming revenue is earned across the board.
If you’re a fan of hip-hop and you’ve been paying attention, Nipsey Hussle recently shared a great breakdown of which streaming service is best for artists.
Nipsey Hussle recently shared some stats in a deleted post that were created by music industry veteran Brian Garrett, who is the CEO of Future Star Music Group.
It turns out Jay-Z’s Tidal is the winner hands down.
Brian Garrett broke down some more stats for CollegeHipHop.com.
“I’m always getting asked by both new and established artists how royalties and payouts work from the popular streaming platforms. Well, the easiest way to explain it is to simply break down the numbers.” – Brian Garrett, CEO Future Star Music Group.
Here’s a little guide that you can use to help calculate what you’re owed.
1 Stream on YouTube = $0.00069
1 Stream on Spotify = $0.00437
1 Stream on Apple Music = $0.00735
1 Stream on Tidal = $0.01250
1 Stream on Amazon Music = $0.00402
1 Million Streams on YouTube = $690
1 Million Streams on Spotify = $4,370
1 Million Streams on Apple Music = $7,350
1 Million Streams on Tidal = $12,500
1 Million Streams on Amazon Music = $4,020
150 streams = 1 Song Download ($0.99-$1.29 Equivalent)
1500 streams = 1 Album Sale (10 Tracks / $9.99 Equivalent)
75 Million Streams = 500,000 Singles Sold (RIAA Gold)
150 Million Streams = 1 Million Singles Sold (RIAA Platinum)
1.5 Billion Streams = 1 Million Albums Sold (RIAA Platinum)
If you go RIAA Platinum on YouTube, you will get = $103,500
If you go RIAA Platinum on Spotify, you will get = $655,550
If you go RIAA Platinum on Apple Music, you will get = $1,102,500
Now you always know exactly how much money is on the table and you can be sure the label, distributor, manager or publisher is paying correctly.
