It notes that more than 28% of those artists who generated over $10,000 self-distribute to Spotify, many via distributors like DistroKid, Tunecore, CDbaby or others that assist artists in self-releasing their music. In 2014, recorded music generated $14.2 billion from all areas (streaming, physical sales, sync, downloads, performance rights) in 2021, recorded streaming revenue alone exceeded $16.9 billion, according to the report. in 2011 and industry revenues began to rise in the following years. The turnaround began when Spotify launched in the U.S. In 2021, streaming revenue alone exceeded total industry revenue in each year from 2009 to 2016, although those were the years when the industry bottomed out, as CD sales plummeted and illegal downloading was rampant. In Thursday’s report, Spotify says it has paid more than $30 billion to rights holders since it was founded in 2006 (which goes a long way toward explaining its aggressive move into podcasting: a music-only model is unsustainable under current circumstances). Spotify breaks down how that money is distributed in this video: “Levitating (feat.However, it is important to note that unless the artist or songwriter is the rights holder, these payments went directly to labels and publishers and other entities listed above, which then divide them according to the artist or songwriter’s contract.“STAY (featuring Justin Bieber)” by The Kid LAROI.“MONTERO (Call Me By Your Name)” by Lil Nas X.So what were we listening to in 2021? Top Five Artists Globally Today, users can access their personalized Spotify Wrapped playlists…and humiliate themselves by trying to explain to their friends on social media why they listened to “It Wasn’t Me” by Shaggy 67 times.

Spotify news 2021