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Major music labels make $1 Million from streaming. In fact, 80% of the music industry’s revenue came from streaming says a new report. Other figures worth highlighting –
Streaming revenues brought in $8.8 billion – that’s more than the entire amount of money made from recorded music in 2017. The total number of streaming subscriptions increased by 25%, which accounted for 93% of streaming revenue growth from last year.

Can artist earn a million an hour? Yeah right! Artists are earning about $0.012 per song stream on Apple Music or $0.003 per song stream on Spotify. Is this bad news for artists? Yes and No. It’s not the best for the singer-songwriter who wants to stay in the bedroom and release songs on digital streaming platforms. It’s not bad for the superstar artist that has a big fan following and can generate revenue through a variety of avenues.

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