Hi,
I have been looking at starting a record label as a side business. But it would be designed mostly to make money from Music Streaming services like Apple Music, Spotify, YouTube and others.
I am thinking of using CD Baby for distribution of the music.
Streaming services are not explicitly open about how much they pay per stream.
I understand that the failure rate is high just like startups and movies.
But I also realised that a hit song can accrue 500 million streams or even 1 Billion streams of its a big hit.
My question is, how much interms of range should one expect to make incase they make such numbers.
Is anyone here making money through streaming music? What's your estimated earning per stream across Spotify, Apple Music, & YouTube?
Also, any other tips of how to run the project or improve odds of success or learning/reading resources would be very much appreciated.
I have been looking at starting a record label as a side business. But it would be designed mostly to make money from Music Streaming services like Apple Music, Spotify, YouTube and others.
I am thinking of using CD Baby for distribution of the music.
Streaming services are not explicitly open about how much they pay per stream.
I understand that the failure rate is high just like startups and movies.
But I also realised that a hit song can accrue 500 million streams or even 1 Billion streams of its a big hit.
My question is, how much interms of range should one expect to make incase they make such numbers.
Is anyone here making money through streaming music? What's your estimated earning per stream across Spotify, Apple Music, & YouTube?
Also, any other tips of how to run the project or improve odds of success or learning/reading resources would be very much appreciated.