Spotify pays the least per stream according to independent artist
The differences between music streaming services may seem pretty small, but an artist's posts regarding the payments she gets from Apple Music and Spotify highlights the pay discrepancies on the different platforms.
Independent cellist Zoë Keating tells Business Insider the different rates each platform pays her to highlight streaming royalty amounts for those who often won't know otherwise.
Keating offered up a breakdown of her royalty payments and despite being most popular on Spotify, she makes the least amount of money from them.
She earns $0.012 per stream from Apple Music and around $0.003 per stream from Spotify after distributor fees have been deducted.
While the musician is streamed the least on iHeartRadio, she makes the most per stream on the platform at $0.017.
Apple Music, Tidal, and Amazon Music also paid Keating more per stream compared to other services, but she was streamed most often on Spotify and Pandora.
Currently, Spotify pays out by adding up all of their income and dividing it based on how much each artist is streamed. That payment system obviously favors popular artists instead of independent musicians.
An alternative system discussed in Business Insider's piece outlines a more user-centric system. Basically, if a user pays their $9.99 per month and only listens to one artist on the streaming service, that artist would receive 100 percent of that profit.
What do you think of the streaming service pay rates? Let us know your thoughts in the comments below.