Indie Labels On Spotify Only Make 4 Cents Per Album Play
Indie bands and artists on Spotify aren't making enough to be sustainable. As a result, a lot of indie labels are quitting the service.
According to a recent GigaOM report, indie labels are leaving Spotify in droves due to the disappointingly low revenues generated by the service. Uniform Motion, an indie band from the U.K., revealed that they only make $0.0041 per song play, and just 4 cents per album play. This figure is arguably too low to sustain a fledging band.
Om Malik comments that the problem exists not only on Spotify, but across all digital music industry. Indie bands and artists simply don't gain enough traction to create meaningful revenues from streaming services.