Half of that Spotify total - $154,000 - he would receive for the songwriter share with the other half going to Hipgnosis Songs, which bought Young’s publishing catalog for an estimated $150 million last year.įor Young, personally, the decision to pull his music from Spotify will cost him about $754,000 annually, by Billboard‘s calculations. On top of that, Young earned $308,000 in publishing revenue from Spotify last year, Billboard estimates - about 19% of his total $1.624 million in publishing revenue. Selena Gomez Tests Positive for COVID-19, Cancels 'Tonight Show' Appearance Overall, Spotify streams accounted for about 14% of Young’s total solo sales and streams recording revenue, which Billboard estimates at almost $8.46 million last year. Of that, Young likely received half - $600,000 - under terms of a standard heritage contract. (While Young claimed Spotify plays were 60% of his worldwide streaming income, that percentage is most likely his global plays and royalties would be less since Spotify pays less on average per stream than many of its competitors.) At an estimated $2.8 million in streaming royalties last year, that means Young’s decision will forego about $1.2 million each year for him and his label, Warner Music/Reprise. Until Wednesday, when Spotify announced it was complying with Young’s demand to remove his catalog, the streaming platform accounted for about 43% of Young’s global streaming revenue, Billboard estimates. Neil Young and Joni Mitchell‘s decisions to pull their music from Spotify this week come at a real cost - hundreds of thousands of dollars a year for each of them that’s unlikely to be made up elsewhere.
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