Money to be made from streaming
News: 6th August 2012 by Louise Dodgson under Artist Managers, Record Labels, Selling & Distributing Your Music
In the past there have often been complaints from record labels and artists about the amount of revenue they receive from streaming services such as Spotify and Deezer, due to the huge amount of plays a track has to receive in order to earn a relatively small amount of money. However, owner of independent label Beggars Group Martin Mills, has spoken up about how satisfied he is with the revenue his roster receive from streaming, claiming some of his artists receive more from streaming than downloads or physical sales, in fact up to half of their royalites are earned through streaming.
Apparently, Spotify alone paid out royalties of over $180 million to musicians in 2011 and the figure looks set to double for 2012. Click the links below to see what Mills had to say about streaming...
Related Links
http://www.nme.com/news/various-artists/65280
Tags
spotify, deezer, music streaming, streaming services, music royalties, streaming royalties, beggars group, martin mills
