{"id":102645,"date":"2025-01-15T11:35:38","date_gmt":"2025-01-15T11:35:38","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=102645"},"modified":"2025-01-15T11:35:41","modified_gmt":"2025-01-15T11:35:41","slug":"over-11-million-artists-in-2024-but-whos-listening","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/over-11-million-artists-in-2024-but-whos-listening\/","title":{"rendered":"Over 11 million artists in 2024, but who\u2019s listening?"},"content":{"rendered":"\n

Chartmetric\u2019s Year in Music 2024 report reveals the growth in music releases and other music industry stats.<\/span><\/h2>\n\n\n\n

Chartmetric<\/a>, an \u201call-in-one platform for artists and music industry professionals\u201d<\/a>, provides comprehensive data across streaming, social media, and audience insights to empower those working within the industry.<\/p>\n\n\n\n

Music Creation in 2024<\/h3>\n\n\n\n

The 2024 edition of Chartmetric\u2019s Year in Music report<\/a> offers insights into today\u2019s music industry. With over 11.38 million artists tracked, the platform has recorded a 1.7 million increase in music creators compared to last year. This surge equates to an average of 4,600 new artists joining daily, showcasing the growing accessibility of music distribution offered by platforms like RouteNote<\/a>.<\/p>\n\n\n\n

The United States dominates this space, contributing 32% of all new artists, followed by the UK (4.7%), France (3.8%), Germany (3.7%), and Canada (3.6%). 66% identify as solo artists, with the remaining 34% representing groups.<\/p>\n\n\n\n

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Image credit: Ben Hope<\/a><\/em><\/figcaption><\/figure><\/div>\n\n\n\n

Additionally, 10.5 million new releases entered the Chartmetric system in 2024. Averaging at 28,700 new tracks everyday, this highlights the sheer volume of music currently being produced within the industry.<\/p>\n\n\n\n

The harsh reality of streaming success<\/h3>\n\n\n\n

Despite this explosive growth, the reality for most artists remains challenging. Chartmetric tracks 11 million Spotify profiles, but only 14% (around 1.58 million artists) achieve more than 10 monthly listeners. <\/p>\n\n\n\n

Even with this 14%, only 47% surpass 1,000 monthly listeners. This aligns with the data from Luminate<\/a>, which revealed that 82.5% of the 148 million tracks in its database had fewer than 100 streams in 2023- with 45.6 million tracks receiving no plays at all.<\/p>\n\n\n\n

For artists seeking financial success, the odds are even steeper. According to Spotify\u2019s Loud & Clear<\/a> data, just 2.6% of the 10 million+ creators who\u2019ve uploaded music earn more than $1,000 from the platform. Instead, Spotify focuses on its approximately 225,000 \u201cemerging or professional\u201d artists, of whom 29% generated over $10,000 on Spotify in 2023.<\/p>\n\n\n\n

Artists levelling up<\/h3>\n\n\n\n

Chartmetric ranks artists based on various measures of success across different platforms. Unsurprisingly, the majority of artists today remain in the undiscovered and developing categories. Here are the new gainers across each category, and what they mean:<\/p>\n\n\n\n