Spotify has steadily launched country-level knowledge in latest weeks as a part of its annual Loud & Clear music economics report, a transfer the corporate stated makes it “the one streaming supplier to share knowledge on artist compensation.”
To be clear, these figures are solely aggregated (Spotify will not let you know how a lot cash Unhealthy Bunny made within the UK final 12 months, for instance), and the information it supplies is not all the time constant – it offers an individual a set of index. Typically these indicators overlap, permitting for comparisons between nations, and generally they don’t.
Nonetheless, Loud & Clear’s knowledge does give us an perception into the dynamics of varied digital music markets that these of us unfamiliar with streaming providers’ confidential knowledge evaluation have by no means had earlier than.
Spotify has revealed knowledge on music streaming in Spain in its newest version, and apparently its final nationwide version of the 12 months.
One quantity jumps out: In 2023, Spanish artists will generate greater than €123 million ($133 million Calculated at common alternate charges in 2023). That is virtually 4 occasions the royalties generated by Spanish artists in 2017.
One factor to notice about these numbers is that they’re particularly royalties Generate on Spotifyand given Spotify’s fast development in its consumer base over time, the substantial improve in royalties generated by Spanish artists displays not less than Spotify’s development, but in addition the expansion of the Spanish music market.
Regardless of this, the Spanish music business posted stable development in 2023, with income rising 15% annual improve Based on knowledge from Spanish industrial group Promusica. Spotify royalties develop for Spanish artists twenty 4% throughout the identical interval.
Spotify royalties develop in comparison with EU as a complete 16% annual improve by 2023, in accordance with a earlier report by Loud & Clear.
Nonetheless, Spain accounts for about 8.2% of 1.5 billion euros (US$1.62 billion) accounted for royalties generated by EU artists on the platform in 2023 – barely underperforming as Spain had approx. 10.9% EU inhabitants.
Additionally value noting: there are 1,300 Spanish artist who has created not less than 10,000 euros Spotify’s royalties in 2023 will probably be greater than 3 times what they have been in 2017. 8.7% Roughly 15,000 EU artists earned greater than €10,000 in royalties in 2023, once more underperforming relative to the dimensions of its inhabitants.
Spotify additionally studies that greater than 50% Royalties generated by Spanish artists come from exterior Spain. In comparison with Canada, 92% Royalties generated by native artists come from overseas.
This implies that Spain is just not pretty much as good at exporting music as another comparable nations – which can be stunning given the recognition of Latin music (largely Spanish) lately.
However the scenario could but reverse. In 2013, the Spanish artist was discovered to have exceeded 3.1 billion Spotify listener time. Spain outperforms on this indicator, accounting for 11.1% All EU music found by Spotify listeners in 2023.
(Spain’s success on this metric might also be associated to some native music developments in EU nations actual Native. Polish rap could also be standard in Poland, however it does not have a lot of an viewers overseas.
Based on Spotify, reguetón and flamenco pop are among the many hottest music genres exported from Spain, though rap, lure and melodic pop additionally play an necessary function.
Lastly, some 60% of royalties from impartial artists or labels (vs. 65% In France).
You may view Spotify’s country-level knowledge for the UK, Germany, Italy, Denmark and Sweden right here.
Spotify knowledge for Brazil, Canada, France and the EU might be discovered right here.
world music enterprise
