Spotify Reveals Artists Earn $0.007 Per Play (2013)
On this day, 5 December 2013, Spotify responded to critics by revealing how much acts can expect to earn from the music streaming site. The company said it paid an average of $0.007 per play, according to figures on its new website Spotify Artists, aimed specifically at musicians. Explaining its business model, Spotify said it had paid more than $1bn (£612m) in royalties since its 2008 launch.