Spotify Myth 7
Myth 7: You can make money from Spotify over the long term!
Maybe. But I don’t think this is realistic for the DIY, independent artist. I think the numbers clearly work in the favor for well-known artists, as usual.
And it’s also possible the indie artist might have made more money from 50 people who bought a CD, than 50 who stream the music. You aren’t going to make a cup of coffee from 50 people streaming your songs a few times. It’s a hard pill to swallow.
A band will need to get 800-1000 streams to make the same amount of money they made on one sale of $6. That’s 50 hours of consuming one band’s music. We can see why bands/songwriters are skeptical of the pay rates for streaming.
This is what’s scary for the current songwriter/musician. When someone buys your CD you had no way of knowing how often they listen to it. Musicians get paid upfront for the sale. With streaming, you will technically find out if people are listening to it or not.
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