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KQED's Forum

There’s Big Money in Music Streaming, But Not for Many Artists

KQED's Forum

KQED

News Commentary, News, Politics

4.2727 Ratings

🗓️ 5 April 2021

⏱️ 55 minutes

🧾️ Download transcript

Summary

Recording artists protested outside Spotify offices around the world last month as part of an ongoing movement to demand better pay. The streaming site’s payout rates have been decreasing over time, with artists today making approximately .0038 cents per stream. The Union of Musicians and Allied Workers (UMAW) wants the Swedish streaming company to pay one cent per stream. We break down how artists can make money today using online platforms and hear from some artists about why they say it’s not a living wage. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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From KQED.

1:01.8

From KQED Public Radio in San Francisco, I'm Ariana Prail.

1:09.3

In March, recording artists protested outside Spotify offices around the world as part of an ongoing movement to demand better pay.

1:12.6

The streaming site's payout rates have been decreasing over time, with artists today making an estimated 0.0038 cents per stream.

1:17.6

The union of musicians and allied workers and advocacy group

1:19.6

that came together during the coronavirus pandemic

1:22.6

wants the Swedish streaming company to pay at least a penny per stream

1:25.6

and be more transparent with its dealings.

1:28.3

We'll learn more about how streaming and artist compensation really breaks down, the union's demands,

1:33.3

and how independent artists are making money these days.

1:36.3

That's next after this news. Welcome to Forum. I'm Ariana Prail. In 2018, Daniel Eck, the CEO of Music Streaming Company, Spotify, shared a mission statement to investors that the company wanted, quote, to unlock the potential of human creativity by giving a million creative artists the opportunity to live off their art.

2:05.6

Which sounds great, but NPR calculated roughly for an artist to earn the equivalent of $15 an hour at a full-time job.

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