The discussion about streaming, its shadows and glows continues. Some say how unprofitable it is for artists, others defend Spotify and companies that also have huge costs. Each side is right, but the facts are that streaming services pay millions to share their songs with their listeners. The American Mechanical Licensing Collective (MLC) boasted exact numbers.
Over four hundred million dollars in licensing revenues from streaming giants
Transparency is one of the priorities of the Mechanical Licensing Collective, which is why the company is open about the influence. In the latest entry on revenues from digital service providers ( digital service providers) MLP reports revenues of $ 424,384,787. Yes, your eyes do not deceive you – over $ 424 million. The organization has been in charge of the licenses since the beginning of the year – so we are talking about a few weeks. These numbers are especially interesting in terms of cost breakdown, because it turns out that Apple pays the most from all twenty companies. They paid a fee of $ 163 million, Spotify comes second (over $ 152 million) and Pandora is third – far behind them ($ 12 million). Everything is puzzling that according to last year’s data The disparity between Apple Music and Spotify was huge. She had the first service only 60 million subscribers, the second – 130 million – the difference is that worldwide, not only in the USA.
Huge disproportions and huge sums. However, it is worth bearing in mind that we are talking about the American market – I wonder what these numbers look like globally?
Source: AntyWeb by antyweb.pl.
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