Music streaming revenues up 40 per cent - PC Retail

Music streaming revenues up 40 per cent

Artists angry at low royalty payments
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New research reveals music streaming services will generate £696m for the global music industry in 2012.

Music streaming is the fastest growing sector of the industry and is set to see a 40 per cent rise throughout 2012 according to research carried out by industry watcher Strategy Analytics.

Music streaming has now overtaken downloads, and some artists are not happy with the royalties that they receive from their songs being streamed.

Cellist Zoe Keating recently released her earnings and claimed she was paid just $281.87 (£179.70) by Spotify after her songs were played 72,800 times by users.

Another artist, Shannon Hurley, tweeted that she had earned $14.87 (£9.48) from 4,030 plays.

These statistics suggest that an artist earns just 0.002 pence every time one of their songs is streamed.

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