The Only You hub will live alongside the existing Made for You hub on the Search page inside the Spotify app. The company is also today debuting Blend, a new way to create a personalized playlist with a friend. The experience is similar to Spotify’s popular annual review, Spotify Wrapped, as it highlights the artists, songs, genres and other aspects of your music listening experience that are important to you, which can then be shared across social media, just as Wrapped is. Read Spotify’s annual transparency report ‘Loud and Clear’ here.Spotify today is expanding its investment in personalization features with the launch of a dedicated in-app experience called Only You, which focuses on your favorite music and how you listen. Read this next: Artists criticise Spotify CEO's €100 million investment in AI defence tech Spotify does not pay artists on their platform directly but to the rights holders instead, meaning that most the money made goes to labels and publishers. Over 1,000 artists generated around £750,000 from Spotify with 450 artists generating around £1.5 million and 130 artists generating around £3.7 million. In 2021 there were 8 million artists on the streaming platform. The report reveals that Spotify’s revenue in 2021 alone was higher than the industry’s total revenue for each year from 2009 through 2016.
Read this next: Spotify sees huge increase in traffic to cancellation page Spotify have paid out more than $7 billion to rights holders including artists, labels, and distributors last year which is up from 2020’s $5 billion.Īccording to Spotify, this is the largest sum to be paid from one retailer to the music industry in one year including any single retailer at the height of the CD era.
Figures in Spotify’s annual transparency report ‘Loud and Clear’ show that only 52,600 artists generated more than $10,000 (£7,585.95) on the streaming platform in 2021.
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