Making Money As A DIY Artist On Spotify Got Even Harder In 2022

Spotify It’s not going well for independent artists. The new feature gives smaller artists a chance to get in front of more users at lower royalty rates (which mathematically doesn’t seem to benefit any artist). they.To add insult to injury, a new report by global music business It shows a decline in the number of DIY artists earning over $10,000 a year.

according to global music business Founder Tim Ingham, over 14,700 DIY artists will earn over $10,000 in streaming and publishing royalties in 2022. This number is down from his 15,140 in 2021. Spotify It jumped from 8 million to 9 million between 2021 and 2022, but that number feels a bit bleak.

“These numbers are surprising for many reasons, not least because the total number of DIY artists is Spotify It continues to explode,” he said. Ingham. “upon Spotifyprevious Loud & Clear updates for [which is Spotify‘s transparency in their statistics]found that about 8 million artists have their music turned on Spotify By the end of 2021 (music artists not including podcasters).

“In our newly updated Loud & Clear, we found nearly 9 million artists with their music on. Spotify So the total number of artists with their music on is Spotify is currently growing at around 1 million acts per year. ”

Ingham Then point to a quarter of all music streamed. Spotify 2022 was by artists outside of major labels and digital music licensing companies MerlinIn other words, 25% of all streams are uploaded by artists to their own music video service. tune core, CD babyand distro kid. That’s fine, right? Not because everyone gets paid less.

“According to the latest edition of Loud & Clear, Spotify had 94,000 DIY artists in 2022, attracting more than 10,000 monthly listeners on each platform,” they wrote. Ingham“The annual royal average generated by these 94,000 artists in 2022 was $12,200 across recorded music and publications.

“In 2021, there will be fewer DIY artists on Spotify with over 10,000 monthly listeners on the platform, according to Loud & Clear.

This should come as no surprise. Spotify So the pool of artists will only get bigger enough for everyone to get lost…and that means the money will only get thinner and thinner. I’m sitting Spotify is also considering raising subscription fees in the US, but has yet to give concrete information on what that will look like.