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(Credit: Fortune Live Media)

Only 18% of musicians earn more than £200 a year from streaming

A new survey has revealed that only a fraction of musicians are making over £200 a year from streaming platforms.

The survey, which has been provided by songwriters’ body The Ivors Academy and the Musicians’ Union, has surveyed their members to get into the nitty-gritty of how many streaming platforms actually pay the majority of musicians. The result of the survey is staggering yet unsurprising, discovering that only 18% of people who responded to the survey received £200 from streaming in 2019.

Another finding from the survey showed that 92% of respondents said that less than 5% of their total income came from streaming services last year. 43% of respondents also claimed that the reason why they can’t enter a full-time career in music is down to streaming services not paying them what they deserve to earn.

Graham Davies, CEO of The Ivors Academy stated: “This survey is further demonstration that the song and the songwriter are undervalued. Too much streaming money is going to the major labels, this is an outdated model and needs reform.”

There is currently an ongoing inquiry being held by the government looking into platforms like Spotify, Deezer, Apple Music and Amazon Music. MPs are attempting to decipher exactly how it’s fair that when over £1 billion is generated in revenue from over 114 billion music streams in the UK last year, that the artists who generated the money are only receiving little over 10% of the income that the streams have generated.

Last week, Nadine Shah wrote an article in The Guardian in which she slammed streaming services for their treatment of smaller artists and how the platforms favour artists who are signed to the major record labels.

The singer poignantly noted: “The situation was such that I temporarily had to move back in with my parents over the summer. Not the worst thing to happen, but still not a great look for a thirtysomething pop star,” Shah wrote. “Like most of my musician friends who rely on gigs, I found myself in dire straits. (If only I actually were in Dire Straits.)”

“Music needs to be wild and varied, it needs to be inventive and original, and it needs to be economically sustainable. Streaming, as it currently is, provides less than a trickle for the workers who make it. Reform is needed so it can grow into a river from which the musicians of today and tomorrow can drink,” she then added.

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