Spotify Royalties on the Rise for RouteNote Artists

Since its launch Spotify has been receiving a hard time about royalties. I’m a firm believer that Spotify is a great innovation and  that its where music consumption is heading. It has also been shown that Spotify has helped to increase music download sales and not cannibalize them, and this is what we have seen here at RouteNote.

At RouteNote we haven’t been sharing much information to the community about our stats, but that is going to change. We believe that transparency is very important and we want to let everyone know that Spotify is a great way for bands to monetize and promote their music.

Spotify as a percentage of RouteNote’s overall royalties:

Q3 2010 = 2.71%

Q4 2010 = 5.55%

Q1 2011 = 5.07%

Q2 2011 = 7.34%

Q3 2011 = 8.84%

Q4 2011 = 11.18%

Q1 2012 = 18.55%

As you can see… Spotify as a percentage of RouteNote’s overall royalties are growing nicely.

Additionally, the actual royalties numbers per play are increasing month by month. These per play numbers are a lot higher than you would expect to see when you received royalties from YouTube ($2.00/1000) or even basic advertising royalties ($1.00/1000).

Spotify is a great innovation for the music industry and instead of criticizing it, we should be focusing on how the service can be improved and how it can help musicians monetize/promote their music.

p.s. RouteNote Free model is a great way for artists to monetize their free music via Spotify streams

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

YouTube Music has launched, here’s why it’s worth it

Yesterday YouTube Music launched bringing a whole new location for music on YouTube with a bunch of cool new features. YouTube Music is now live after announcing the launch last week and available in the…

Apple Music look to TV and Films as they pass 50 million users

Apple Music is fast approaching Spotify in it’s subscribers as Tim Cook talks on their impressive numbers and investing in TV shows and movies. Apple’s CEO Tim Cook spoke to Bloomberg Television recently in an…