Spotify Slashes Indie Artist Payouts, Latin Artists Hit Hardest with Lower Streaming Revenue
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Spotify is paying independent artists 8% less per stream in 2023 compared to 2022, unlike other platforms that increased rates
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Independent Latin artists make nearly 70% less per stream than Country artists
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Independent artists need 5 million streams per year to earn minimum wage
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YouTube and Apple Music grew their share of indie artist revenue, but Spotify still dominates with 55%
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The average indie artist spends 26% of income on distribution fees, with Latin and Country artists paying the most