Published December 1 2023 at 17:59
It's already season for yearly overviews and your favourite artists have already started posting their statistics from the world's leading streaming platform, Spotify, for 2023.
Spotify, founded in 2006, has revolutionized the music industry by offering a vast and accessible platform for streaming music and podcasts. With a user-friendly interface, it boasts a colossal library of over 70 million songs, spanning various genres and languages. Users can create personalized playlists, explore curated content, and discover new artists through its powerful recommendation algorithms. Available in numerous countries, Spotify provides both free ad-supported and premium subscription options, enhancing the overall listening experience. As a pioneer in the streaming world, Spotify continues to shape how people consume music, fostering a global community of music enthusiasts.
Unfortunately rock/metal music is not very well represented on Spotify, in the yearly Top 50 of streams for 2023 there is only one (1) artist that can be classified as 'Rock' and that is QUEEN coming in at #42 with 49.25 million monthly streams.
If you are curious about the money, the average payout to an artist per stream on Spotify is estimated to be between $0.003 and $0.005. However, this is a rough average, and the actual amount can be slightly higher or lower. Finally, it's essential to consider that the revenue an artist receives from their Spotify streams is split between the artist, their record label, distributor, and collaborators. This means that even if an artist earns a significant amount from their streams, they may only receive a portion of that revenue.
In TESTAMENT's case, they should see Spotify revenue in the scope of approx. $287,000 - which will then be divided between themselves and their record label, distributor, and collaborators.
You can listen to Testament on Spotify using this link:
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