Spotify has shared its latest Loud & Clear report aimed at showcasing transparency when it comes to how much money artists earn on the platform.
Revenue from streams on Spotify remains a divisive issue. This is especially so for South African artists trying to break through on the platform. For everyWhile the company still keeps the precise details of its revenue split and percentage of royalties a closely guarded secret, Spotify is trying to be more transparent about its dealing with creators, which is why it has released its latest
The approximate revenue split for songs streamed on the platform is yet to be officially confirmed, but is believed to be around 70/30, with the former going to the artists. On top of this the money earned per song streamSpotify, however, refutes such claims of a pay-per-stream model, and has unpacked the process of how revenue is generated, calculated, and dispersed.
“While each of these issues only impacts a small percentage of total streams, addressing them now means that we can drive approximately an additional $1 billion in revenue toward emerging and professional artists over the next five years,” it adds. Still it appears as if South African artists are finding Spotify a more lucrative place to be than when it first launched
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