Music Income Quiz

What area of the music industry is most relevant to your career path?

• Artist/Production/Creative

• Business Management/

  Label / Promotion & Marketing

• Live Music / Engineering (Live/Studio)

• Product Creation / Education (YouTube etc)

In 2020, how many artists on Spotify earned over $50,000 from the platform?

• 10,000

• 13,400

• 23,200

• 27,800

Answer explanation

It is believed that there is 3 Million artists on Spotify.

This would mean less than 0.5% of artists made $50,000

According to ProducerHive, which of the following services has the HIGHEST pay-out rate per stream?

• Spotify

• Youtube

• Pandora

• Apple Music

Answer explanation

Data Supplied By ProducerHive

Amazon Music $0.00402 per stream

Apple Music $0.008 per stream

Tidal Music $0.01284 per stream

Deezer $0.0011 per stream

Pandora $0.00133 per stream

YouTube Music $0.002 per stream

Spotify $0.00318 per stream

From 2021's data, how many people use premium streaming services to consume music?

• 100M-200M

• 200-300M

• 300M-400M

• 400M-500M

Answer explanation

According to Midia's breakdown :

48% of the music streaming market share is held between Spotify and Apple Music

Which of the following options is largest part of an artists income stream?

• Touring and Live Shows

• Streaming and Album Sales

• Royalties and Syncs

• Merchandise

Answer explanation

According to MusicIndustryHowTo :

Touring and Live Shows usually accounts for up to 28% of an Artist's income.

What does PRS Stand for?

• Performance Royalties Service

• Performer's Rights Service

• Performing Rights Society

• Performance Rights Society

According to Spotify, In 2021, how many tracks were uploaded daily to their platform? (On average)

• 60,000

• 25,000

• 170,000

• 120,000

Answer explanation

On average, 60,000 tracks were uploaded daily. There is no exact figure to how many artists are on the platform, but the figure is believed to be ATLEAST 3,000,000 artists

Quick Maths :

Based off the average figure, this would equate to 21,900,000 tracks being uploaded a year