Have you ever wondered how much musicians get paid when their music is published on Spotify? Well, it is not much in the case of Slovak artists.
Even if a fan played a song by their favourite Slovak musician fifty times on this Swedish streaming service, it would not earn them much. In fact, their income would only climb to about €0.10.
This is not just the case for Slovak artists though. Back in 2014, US popstar Taylor Swift withdrew her music from Spotify because of the very low profits from this service. She refused to have her music shared on there for free.
Spotify offers listeners an extensive music library for free, interrupted by ads, or for a €5.99 fee. The service made a profit of €5.3 billion in 2018 with this model.
The Spotify formula
25. Jul 2019 at 11:05 | Marek Majzon