The number of artists who achieved each of these milestones has doubled since 2017. More artists are hitting milestones across all revenue levels, from $1,000 to $5 million, and the numbers are accelerating fast. In 2021, 450 artists generated more than $2 million on Spotify-an increase of 110% in five years-and 130 artists generated over $5 million-an increase of 160% in the same period.Ĥ. New to the site in 2021, since so many artists have far surpassed the $1 million level, we’ve added $2 million and $5 million data. But when artists hit new heights, it’s time to launch additional milestones. We celebrated a new landmark this year with over 1,000 artists generating $1 million on Spotify alone. In 2021, recorded streaming revenue alone exceeded $16.9 billion-with Spotify leading the way.ģ. When the music business hit its low point in 2014, it generated $14.2 billion from all parts of the recorded industry (streaming, physical sales, sync, downloads, performance rights). In 2021, recorded streaming revenue alone (across all services) was higher than the entire industry’s revenue from all forms of recorded music for each year from 2009 through 2016. Even adjusting for inflation, that $7 billion total is the largest sum paid by one retailer to the music industry in one year in history-including any single retailer at the height of the CD or digital download era.Ģ. That’s more than double what we paid out in 2017 ($3.3 billion) and represents a big part of the $30 billion we’ve paid to rights holders since our founding. We paid music rights holders more money than ever in 2021: $7+ billion, up from $5+ billion in 2020. Today, we’re publishing new and updated information and data-and figures from 2021 that show further meaningful progress toward a healthier and more diverse music industry.ġ. In 2021, Spotify launched Loud & Clear, a resource for artists and industry professionals that breaks down the royalty system, the players, and the process.
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