52,600 artists generated over $10,000 on Spotify last year – and 15,140 of them uploaded their own music

MBW’s Stat Of The Week is a series in which we highlight a single data point that deserves the attention of the global music industry. Stat of the week is powered by Cinq music groupa technology-focused record label, distribution and rights management company.

How many artists earn enough to live on Spotify and other streaming services?

It remains one of the most contentious issues in the music industry. Today (March 24th) Spotify is one step closer to the answer.

The streaming platform has updated theirs Loud and clear Website with a bunch of revealing new stats on what artists have earned from their service in 2021.

These stats show that Spotify has paid out $7 billion (for both released and recorded music) to music industry rightsholders over the past year.

That number was more than double the $3.3 billion Spotify says it paid out to the same recipients in 2017, and about $2 billion higher “Over $5 Billion” which Spotify has previously claimed to have paid out in 2020.

Spotify claims, “Even adjusted for inflation, that’s a total of $7 billion [paid in 2021] is the largest sum paid by any retailer to the music industry in one year in history – including any retailer at the height of the CD or digital download era.”

Loud & Clear also allows us to break down exactly how many artists generated royalties (including publishing and recorded music) from Spotify in 2021.

That’s what Spotify says now, for example 52,600 Artist generated over $10,000 on its platform in 2021.

Spotify also notes this 15,140 these 52,600 artists – around 28% – uploaded their own music via Likes TuneCore, cd baby and DistroKid.

Spotify continues to segment how many artists surpassed certain revenue thresholds in 2021 into different groups. For example, the Loud & Clear site says that the 52,600 Artists who have generated more than $10,000 last year:

  • 16,500 Artists generated more than $50,000;
  • 9,500 Artists generated more than $100,000;
  • 2,170 Artists generated more than $500,000;
  • and 1,040 Artists generated more than 1 million dollars.

the 52,600 Number (for artists over $10,000) has increased by 10,100 versus the corresponding 2020 statistic. (Note: Spotify has restated/updated some of its 2020 stats previously published on the original Loud & Clear website.)

Additionally 52,600 number is more than double the number of artists generating $10,000 or more on Spotify in 2017 (23,400).

So what about that 16,500 Artists generate over $50,000 on Spotify in 2021?

this 16,500 figure was over 3,100 to the corresponding number of 2020 (13,400) and again more than twice as high as in 2017 (7,400).

However, we must be careful not to misinterpret Spotify’s latest stats as they duplicate artists into multiple revenue groups; ie an artist generates over $100,000 one year is also counted as exhaustive $50,000 and $10,000 etc.

For this reason, MBW made a more precise calculation: how many artists fell under it certain revenue generation brackets on Spotify last year, and how did that compare to 2020?

From our calculations we learned:

  • 36,100 Artists emerged between $10,000 and $50,000 on Spotify last year – until from 29,100 in 2020;
  • 7,000 Artists emerged between $50,000 and $100,000 on Spotify last year – until from 5,600 in 2020;
  • 7,330 Artists emerged between $100,000 and $500,000 on Spotify last year – until from 6,000 in 2020;
  • 1,130 Artists emerged between $500,000 and 1 million dollars on Spotify last year – until from 940 in 2020;
  • 1,040 Artist generated over 1 million dollars on Spotify last year – until from 860 in 2020.

Spotify also told us how many artists generated over 2 million dollars and 5 million dollars in royalties (music recorded plus release, remember) on its platform in 2021.

These magic numbers are 450 and 130or.

There are many other interesting statistics to be found on the updated one Loud and clear site today, including:

  • Of the 52,600 artists who made more than $10,000 on Spotify in 2021, 34% live in countries outside of the IFPI‘s top ten music markets (Australia, Canada, China, Italy, France, Germany, Japan, South Korea, UK and US).
  • 718,000 songs have now surpassed one million streams on Spotify, and 238,000 songs have received one million streams in 2021 alone. Over 230 songs have even reached a billion streams.
  • Over 10% of artists (5,300) who made more than $10,000 on Spotify in 2021 have released their first ever song in the past two years. In 2021, 350 of those newly released artists generated $100,000 from Spotify.
  • In 2021, Spotify reportedly accounted for more than 20% of recorded music revenue (up from less than 15% in 2017). The company says, “For a rough estimate, you can multiply Spotify earnings by four to get roughly how much artists generated from all recorded revenue streams in 2021.”
  • Spotify adds: “Based on our analysis of RIAA data gave the music industry twice as much preference for superstars in the CD era as it does today. At the height of the CD era, the top 50 artists accounted for 25% of US sales. In 2021, just 12% of US streams on Spotify belong to the top 50 artists – meaning the revenue opportunities now extend far beyond the biggest stars.”

Another interesting piece of new information: Spotify has made an estimate of the number of artists with music on its platform that it considers “professional or aspiring recording acts.”

The company notes that “the eight million People who have distributed songs on Spotify, 5.4 million of them have released less than ten tracks of all time”.

It notes that many of them 5.4 million Artists “are likely early in their careers, hobbyists or may not use streaming as part of their career path.”

Spotify estimates there are nearby 200,000 “professional or aspiring recording actors” on its service today worldwide.

The company justifies: “There is 165,000 Artists who have released at least ten songs of all time (which means they have a lot of work to earn from) and are at least average 10,000 monthly listeners (meaning they were able to attract an audience). We also see this through our integrations with Songkick, Ticketmaster and dozens of other live and virtual ticketing partners: 199,000 Artists had a gig, event, or virtual event sometime in 2019 (the most recent year not affected by pandemic cancellations), demonstrating commercial activity outside of streaming.

“These data suggest a population in between 165,000 and 199,000 artists, but to allow for a margin of error in our methodology, we consider 200,000 to be a reasonable estimate – although of course we recognize the difficulty of assuming an artist’s professional intent from data alone.

“From this estimate, one could calculate that more than a quarter is generated by professional or aspiring artists $10,000 in 2021 alone from Spotify (and probably over $40,000 across all recorded revenue streams).”

Cinq Music Group’s repertoire has won Grammy Awards, dozens of Gold and Platinum RIAA certifications, and numerous #1 spots on a variety of Billboard charts. His repertoire includes heavyweights like Bad Bunny, Janet Jackson, Daddy Yankee, TI, Sean Kingston, Anuel and hundreds more.music business worldwide

https://www.musicbusinessworldwide.com/52600-artists-generated-over-10k-on-spotify-last-year-and-15140-of-them-uploaded-their-own-music/ 52,600 artists generated over $10,000 on Spotify last year – and 15,140 of them uploaded their own music

Fry Electronics Team

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