Spotify is an online music streaming service that has gained immense popularity since its inception in 2008. Its mission is to give people access to music from all over the world, regardless of where they are located.
The platform offers a variety of subscription plans and can be accessed on a range of devices, including computers, phones, tablets, and smart speakers. Spotify is one of the most popular streaming platforms globally, with over 217 million active users and over 57 million tracks available.
Spotify pays artists for streams of their music based on two main factors: the number of streams and the country in which the stream occurs. Spotify calculates per-stream payments differently depending on the country in which it occurs.
This can be due to differences in local copyright laws, different rates of subscription growth in different markets, or other factors. Each month, Spotify publishes a report detailing its royalty payments that includes information about how much it pays per stream for each market.
On average, Spotify pays out between $0.006 and $0.0084 per stream to artists and labels when a song is streamed in the US or Canada. This means that if a song gets 1 million streams on Spotify, it will generate approximately $6,000-$8,400 in royalties for its creators.
Overall, when it comes to how much does Spotify pay per 1 million streams? The answer depends on where the stream originates from as well as other factors such as copyright laws and subscription growth rates. On average however it pays out between $0.0084 per stream which means 1 million streams would generate around $6K – 8K in royalties for its creators.