Welcome to the latest episode of Talking Trends from Music Business Worldwide (MBW) – where we go deep behind the headlines of news stories affecting the entertainment industry. Talking Trends is supported by Voly Music.
As the years tick by, more and more DIY artists will earn a liveable chunk of annual cash from Spotify.
That's an inevitability, right? Wrong.
In 2022, according to Spotify's own figures, the number of DIY/self-releasing artists who generated over USD $10,000 in royalties on the platform annually – from both recorded music and music publishing combined – actually fell year-on-year.
That fact is revealed (and chewed over) in the latest episode of Music Business Worldwide's Talking Trends podcast, presented by MBW founder, Tim Ingham.
Ingham explains that, according to Spotify's Loud & Clear data, just over 14,700 DIY artists generated more than $10k on Spotify in 2022.
That figure was down on the number of DIY artists who managed to do the same thing in 2021... despite the total number of artists (i.e. DIY plus non-DIY acts) who annually generated more than $10k on Spotify growing last year.
The Music Business Worldwide Podcast is supported by Voly Music.