Damon Krukowski:

It’s no mystery why professional musicians are having so much trouble making a living through our primary work. Recorded music is dominated by streaming - on its most recent report, the RIAA calculates that streaming accounts for 84% of all recorded music revenue. And streaming is directing all its revenue to 12% of tracks.

Speaking as someone from that rarified 12%, the actual numbers we receive are absurd in any case — Spotify’s average payout to record labels is $0.003 per stream, gross. That fraction is then divided up, with artists receiving anything from 15% of it ($0.00045) to a maximum of 50% ($0.0015). Or, if they are fortunate enough to own their own masters — as my bands do, and Taylor Swift does — we get the whole ball of wax, 1/3 of a penny per stream to share among all those who contribute to the music. That’s $3,000 per 1,000,000 streams. Good luck.