As many streaming services are low-priced and even free, this leaves many music lovers wondering how much the artists they listen to actually earn whenever one of their songs is streamed.
That said, if we had to pick between Tidal vs Spotify, we'd definitely still go with Tidal (more on that here).
Why We Love It:
On Deezer's website, the company has stated that they "want artists to be paid fairly," with their unique user-centric payment system. Deezer's current model allows paid subscribers to directly support the musicians they love. If a Deezer user listens to only one artist per month, then that artist will receive all of the user's subscription, less the fees taken from the platform.
How Do Streaming Platforms Pay Artists?
Today, record labels make a fixed percentage of streaming royalties for the artist's work that they produce and market. For major labels, artists typically only receive about 16% of the royalty payments from streaming services.
To put it simply, 1 album sale is equivalent to 10 song downloads or 1500 streams according to the Recording Industry Association of America. With this in mind, it is easier to label an artists work if they reach a "platinum" or "gold" level of equivalent albums sold.
Next up, check out How A Recession Could Affect The Music Industry In 2022.
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