Can Spotify payments alone carry musicians through a cost of living crisis? – Music Connection Magazine

Music distribution company Ditto Music today announced an estimate of the number of Spotify streams needed to buy the essentials in the UK.

Ditto’s findings show that musicians should almost produce. 11,713,250 Spotify streaming lowers average UK home deposit £42,250 – New annual energy bill requires approx. 730,198 digital stream.

“Spotify’s announcement that over 17,000 artists are now earning over $50,000 a year from Spotify alone is really heartening to hear in the midst of this cost-of-living battle. Rise and inflation continue to affect everyone in 2023, with independent artists being hit particularly hard.”
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na– Matt Parsons, CEO of Ditto Music

Matt Parsons, who co-founded Ditto Music with his brother Lee in 2005, is a prominent figure in the music and technology space. Matt heads his Ditto to help artists and independent labels release, distribute and promote their music around the world.

Matt is also available for detailed comments on this research upon request. [email protected].

Further findings show that artists need to accumulate around 2.95 million Stream Spotify to buy an average used car, 17,000 Put in a full tank of fuel.These estimates were calculated using Ditto’s Spotify Loyalty Calculator.