The Financial Times interviewed Manatt’s Jordan Bromley, a partner in the firm’s entertainment and media practice, for an article about the impact of streaming on the music industry. Although streaming has opened doors for some artists, the publication reported, making money from it is another story.
While CDs and digital downloads are sold for a fixed price, money from streaming is more complex. Payouts vary across services: content owners make about $1,000 for every 1 million streams on YouTube, and $4,000 for every 1 million on Spotify, Bromley explained. When a song is streamed, about 30% of revenues go to the platform, 60% to the owners of the recording and 10% to the publishers and songwriters.
Read the article here.