Just not for the artists. Universal Music's streaming revenues add up to... $3.9 Million per day.
 
http://music3point0.com
 
 

commodities...that's what we are now.  

eph221
commodities...that's what we are now.  

Sometimes with the first four letters traded for a second "d," ya? 

Oddities, yes that we are.  If you aren't a little queer, you aint goin no where!

eph221
Oddities, yes that we are.  If you aren't a little queer, you aint goin no where!

I think you have that market cornered, there isn't any left for the rest of us.

What I'm about to type isn't intended to imply musicians get what they deserve.  It's just something that jumps out at me every time I see something like this, regardless of the specific industry/group being vilified for greed, tax avoidance, etc.
 
Skimming the article and primary link to numbers, all I see are REVENUE numbers.  No cost is shown that I could find.  Nothing about capital at risk.
 
It's entirely possible (and it happens a lot) to have huge REVENUE numbers and still lose money in process.  What would be really interesting to me are PROFIT numbers along with how much capital was at risk.
 
This would give a better picture of who is making what and who is doing the heavy lifting financially to make PROFIT possible, if PROFIT even exists.
 
Just sayin' ... there is a TON of lazy financial "reporting" happening these days.

So, basically, you're implying that musicians get what they deserve, right? 
 
 
 

craigb
So, basically, you're implying that musicians get what they deserve, right? 
 
 
 

You funny guy, Joe!

Very profitable.  From looking at my CDBaby tracking, I get $0.0012 every time one of my songs is played on Spotify.  At my current rate, by the end of the year I'll have earned enough to buy a small coffee from Starbucks (as long as I don't want chocolate, lactose-free, whipped cream, or a straw).

eph221
commodities...that's what we are now.  

At a dollar per piece on sale, I would think  ... that's good moolah ... 
 
Streaming is fine, and many bands can do so and sell their material without having to print a CD. King Crimson has been doing that for a while, and no one is complaining.