“Spotify’s generous royalty rate of $0.003 per stream has made some lucky independent artists overnight hundredaires. For every 100,000 times a band’s song is streamed, the band gets $300; split four ways between bandmates, that’s $75 each. Let’s say in a year, the song pulls down 2,000,000 listens, the equivalent of a platinum single: that’s six large in the band kitty, or $1,500 per member! Thanks to this revolutionary new business model that is going to save the music business for Generation Z, a successful new artist can hope to supplement the income from her waitressing job with royalties to the tune of four figures.”
Did YOU watch the album documentaries on Rumours, 2112/Moving Pictures and Who’s Next on Netflix last night without passing out?