Apple Music pays more per stream than any other major service
What you need to know
- The Trichordist has published its annual figures regarding streaming payouts and revenue.
- Their figures suggest that Apple Music provides the best value to artists per stream.
- Apple reportedly accounted for 25% of streaming revenue, but only 6% of consumption in 2019.
New figures from The Trichordist suggest that Apple Music offers the best value to artists per stream compared to its competitors.
According to their 2019-2020 Streaming Price Bible:
As you can see from the chart, Spotify takes the number one spot thanks to its massive grasp on the market share by revenue category with 44.33%. Apple came second with a 24.79% share of paid out revenue. On the face of it, Spotify is the clear winner here. However, take note of the 'Market share by streams' category. Apple paid out nearly 25% of the industries streaming revenue, despite only accounting for 6.36% of streams.
That's because Apple's price per stream is $0.00675, a good deal higher than Spotify's $0.00348. to put that into perspective, Spotify pays out between $3,300 - $3,500 for every one million plays a song gets, whereas Apple is paying around $6750 for the same amount.
The report also notes that YouTube is really letting the side down:
Apple's payment per stream is climbing back up to its 2017 level of $0.00783 per play. The number dropped sharply to just $0.00495 in 2018, The Trichordist cites expansion into new territories and a high number of free 90-day subscriptions.
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Stephen Warwick has written about Apple for five years at iMore and previously elsewhere. He covers all of iMore's latest breaking news regarding all of Apple's products and services, both hardware and software. Stephen has interviewed industry experts in a range of fields including finance, litigation, security, and more. He also specializes in curating and reviewing audio hardware and has experience beyond journalism in sound engineering, production, and design.
Before becoming a writer Stephen studied Ancient History at University and also worked at Apple for more than two years. Stephen is also a host on the iMore show, a weekly podcast recorded live that discusses the latest in breaking Apple news, as well as featuring fun trivia about all things Apple. Follow him on Twitter @stephenwarwick9
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