Top Monetized Platforms in the Music Industry
We are going to keep things short and to the point with this article. There are tons of streaming and various other platforms out there that can earn you revenue for you and your music. The thing you may not be familiar with is exactly how much each of these platforms pays you and what they pay you for.
Earning revenue is essential for all musicians and we want to help give you the answers you are looking for. Below you will find the top monetized streaming and music industry platforms that can help you earn some nice revenue.
All the below data has been updated for the current 2017 year**
Please be aware that these are just averages and streams can change at any time**
1) The Husk
The Husk is the highest monetized platform in the entire industry by far. If you are not already using this platform we would recommend getting started right away. Instead of paying for streams on your music, this platform pays you to simply grow via a download gate. Every single SoundCloud follower you gain through your download gate you will be paid $.10 cents. That means every 500 followers you earn $50. Let that sink in.
Overview:
Monetized Rate: 10 cents
Monetizes: Followers
Splits with a third party: No (You keep 100%)
Pay-out Method: Pay-Pal
Upfront Costs: None (Completely Free)
2) Spotify
Spotify is a fast growing platform that just about everyone has now heard of. Musicians all over the world are flocking to this platform. It is a streaming platform that pays an average of $0.0043 cents a stream. It is very low but can add up over time. For example, 10,000 streams will bring you around $43.
Overview:
Monetized Rate: 0.0043 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: Varies with distribution partners
3) APPLE
Apple Music is growing stronger every day and pays an average of $0.0064 cents per stream. Coming in a little higher than Spotify, this is a solid platform for all musicians to have their music catalog.
Monetized Rate: 0.0064 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: Varies with distribution partners
4) Google Play
Google Play may not be the most popular form of streaming artists go to but it still pays higher than Spotify. Google Play brings an average of $0.0059 cents per stream.
Monetized Rate: 0.0059 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: Varies with distribution
5) Youtube
Keeping in mind that Youtube has various advertisement revenue, our averages below are based on royalties by streams only. Youtube pays an average of $0.0006 cents per stream. Didn't think it would be that low would it? Although low, the user base is one of the highest among any social platform so it's a bit easier to gain streams.
Monetized Rate: 0.0006 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: None (Free platform)
6) TIDAL
Tidal, although one of the smallest user bases, brings in some of the highest monetized rates for streams. With an average of $0.0110 cents per stream, you can quickly earn some nice passive revenue.
Monetized Rate: 0.011 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: Varies with Distribution partners
7) Pandora
Pandora has a very solid user base that pays an average of $0.0011 cents per stream. Artists can make a solid income over time with this platform.
Monetized Rate: 0.0011 cents
Monetizes: Streams
Splits with a third party: Varies with contracts
Pay-out Method: Varies
Upfront Costs: Varies with Distribution partners
We understand we have not touched on every single platform that earns you money in this industry. These are just some of the major platforms that are well known within the industry. This will help you gain a better understanding on what each of the above platforms gives you.
The Drunken Coconut