Have you ever wondered how much the music streaming companies pay artists per stream? Well, this information was top secret until recently. Apple released a statement detailing how much it pays artists and publishers, forcing other music streaming companies to do the same.
According to the Apple document, the tech giant pays an average per-play rate of $0.01; meaning one stream equals a one-cent payout. This sounds pretty low, but I was surprised to find out that they are the top payer in the whole streaming industry.
The infographic below shows how many streams/plays are needed for the publisher to pay out $1.
You will find more infographics at Statista