Portishead reveals exactly how much money it makes from streaming services · Newswire · The A.V. Club

Posted: April 22, 2015 by Kimberly Weiss in & Tips, Non-Local Bands, Other Music News, Support, Promo, & Tips
Tags: , , , , , , , , , , , , ,
Apr 17, 2015 3:53 PM

Geoff Barrow [Image by: Mintonfilm]Jay Z’s newly launched Tidal music service has reignited the debate about the economics of music in an era where streaming services like Spotify, iTunes, and YouTube reign supreme. In hopes of adding to that discussion, Portishead’s Geoff Barrow recently took to Twitter to share exactly how much money the band actually earned from its 34 million streams last year. His estimate: After taxes he was left with £1,700, or around $2,511, according to Consequence Of Sound.

 

That number is even more staggering when one considers that streaming services brought in over $1.87 billion dollars last year. And while Spotify claims to have delivered $500 million to rights holders, that doesn’t always translate to money for the artists involved. COS estimates that, according to his numbers, Barrow made about 0.0007 cents per stream last year. [via Flavorwire]

Read the article and the full conversation here:
Portishead reveals exactly how much money it makes from streaming services · Newswire · The A.V. Club
.

Advertisements

Tell us what you think!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s