//How much can you make from music streaming?
Streaming is an easy way for aspiring musicians to share their music with the world… but does it pay? Check out these facts about the most popular streaming service of all—Spotify:
- $0.006 to $0.0084
Average pay-out per stream to most artists (i.e. you)
- $425,000 per month
Pay-out to artists with a “global hit album”
- $2.1 billion
Spotify’s 2015 revenue
The takeaway?
Unless you’re an international success, the best way to make money from your music is to do it the old-school way: play shows and sell your music on websites like CD Baby.
Sources: Time.com, musicbusinessworldwide.com, Spotify.com
Back to Saving Money Articles
Elements of Money is a financial information and content resource for teens provided by BALANCE. SRP Federal Credit Union does not provide, and is not responsible for, the products, services, overall website content, security, or privacy policies on this site. These services are offered as a member convenience only and your participation is strictly voluntary. Mobile carrier message and data rates may apply. SRP cannot guarantee and does not represent that your credit score or any other personal financial goals will improve by use of these services. Teens accounts at SRP Federal Credit Union are for ages 13 through 17 and require joint ownership of the minor’s parent or legal guardian over the age of 18. Membership eligibility requirements apply. Please visit a branch location or www.srpfcu.org for more information. SRP Federal Credit Union is federally insured by NCUA.
