News

– Spotify has already paid the music business over $1.2bn this year –

4 octobre 2016

spotify


Spotify has announced that its lifetime payments to the music business have now topped $5bn.

The news came as the streaming platform confirmed its invite-only launch in Japan.

What’s particularly interesting about the new milestone is that it was only 15 months ago – in June 2015 – that Spotify announced it had paid the music business $3bn in total.

Across the intervening 15 month period, then, Spotify has shelled out a monthly average of $133.3m to rights-holders, or around $4.4m every single day.

Using that monthly average, we can estimate that Spotify has paid rights-holders comfortably in excess of $1.2bn in the nine calendar months of 2016 so far alone.

These are most definitely conservative estimates, as 2016 has seen Spotify accelerate its subscriber base like never before.


More:   http://www.musicbusinessworldwide.com/spotify-has-already-paid-the-music-business-1-2bn-this-year/


 

Vous aimeriez aussi ...

Aucun commentaire

Déposer un message