Taylor Swift will have earned more than $100 million by 2023 thanks to Spotify

Music news

Taylor Swift will have earned more than $100 million by 2023 thanks to Spotify

These days it has been announced that Spotify will stop paying royalties for songs with less than 1,000 annual plays at the beginning of 2024. With this decision, Spotify intends to prevent a portion of the royalties from going to artificial plays, or noise tracks. white, and thus avoid the loss of these royalties and redistribute them among the artists.

In a statement, Spotify explained that “although each of these issues only affects a small percentage of total streams, addressing them now means we can generate approximately an additional billion in revenue for emerging and professional artists over the next five years.”

At the other extreme, Taylor Swift, the most listened to artist of 2023 on Spotify, will earn $100 million thanks to her high streaming rates on the platform. It is estimated that by the end of 2023, in fact, it will have exceeded that figure, Billboard reports.

The American platform gives exact data: Taylor has generated 26 billion views on Spotify in 2023, which, in figures, translates into about 97 million dollars. When December passes, Swift will have reached 101 million, which increases to 130 million by adding the money generated from the advertising agreements between Swift and Spotify.

As we say, Swift has been the top 1 artist of 2023 on Spotify, followed by Bad Bunny, The Weeknd, Drake and Peso Pluma. In Spain, Bad Bunny and Quevedo have been the most listened to artists.

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Simon Müller

Simon Müller is the driving force behind UMusic, embodying a lifelong passion for all things melodious. Born and raised in New York, his love for music took form at an early age and fueled his journey from an avid music enthusiast to the founder of a leading music-centered website. Simon's diverse musical tastes and intrinsic understanding of acoustic elements offer a unique perspective to the UMusic community. Sporting a dedicated commitment to aural enrichment and hearing health, his vision extends beyond just delivering news - he aspires to create a network of informed, appreciative music lovers. Spend a moment in Mueller's company, and you'd find his passion infectious – music isn’t simply his job, it’s his heartbeat.