No, you can’t make $1200 monthly playing a song on repeat, says Spotify CEO
A new analysis by JP Morgan showed that an artist could earn $1,200 a month in royalties if they upload a 30-second or longer track and then play it on constant repeat.
This latest tale of streaming manipulation comes at a time when criminal gangs involved in shootings and bombings in Sweden are reportedly using fake Spotify streams to launder money.
Aside from the possibility that Spotify could flag it as unusual and banned activity, Spotify CEO Daniel Ek quickly took to X / Twitter to debunk the story – though he did not offer an alternative calculation.
Bruce Houghton is the Founder and Editor of Hypebot, a Senior Advisor at Bandsintown, President of the Skyline Artists Agency, and a Berklee College Of Music professor.
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The mention of fake Spotify streams being used for money laundering raises concerns about the platform’s integrity. It would have been helpful if the Spotify CEO had provided more insights or addressed the issue in greater detail.
His reply isn’t a very convincing rebuttal.
I’m also rather angry that I tried to pay my Spotify subscription with the banking service OPay (collecting an overdraft) but Spotify claims not to have received the money. So maybe my judgement may be unfair.