From the artist side, it's not as straightforward as it is portrayed by the platform. Independent artists without labels may have their music on Spotify, but will probably not be paid unless they use a service that can manage their royalties for them. It took many months before we saw any royalties on our first EP, for instance. With a new one coming out Friday, this is a concern when (at this point) we can't even manage our own artist page on Spotify without 250 followers. Many people don't want to follow all the artists they listen to (that's a lot of following!).
The good news is that even if an artist is indie, if they register with ASCAP or BMI, or use CD Baby or some other distribution service and sign up to the royalty collection service, eventually the royalties from Spotify and other platforms are paid. We are paid a penny or two every time someone streams one of our songs--and we're paid about three months later.
We'll probably break even as a band when we are in our 60s... 😉
That's good to hear man and I think the payrate depends also on if its a subscriber or not because Spotify creates two different revenue pools, one for free and one for premium, and pay artists a percet of each pool depending on where each of their plays came from.
I am about to get spotify for my wife, and myslef, that would be 2 accounts, so 20 if I get 2 premium membership and 15 if I get the premium family. As an artist myslef, I listen to a lot of indi music, an I was wondering if artists get paid less from premium family membership, because it is much cheaper that an normal premium, or are they getting the same amount of money as long as it is a premium account, family or not. I don't minf paying a llittle extra fiver a month so artists I listen too get a decent share of the stream, but if it's the same then I'll just get a family membership. Thank you for your replies !