How Much Does Apple Music Pay Per Stream in 2024?
First of all, it’s essential to understand that streaming revenue varies depending on many factors. Nevertheless, in 2024, Apple Music pays an average of $0.01 per stream. In other words, each stream of your music on Apple Music earns you about one cent.
Additionally, this rate positions Apple Music as one of the most lucrative platforms for artists, even surpassing Spotify in terms of pay per stream. According to an official letter from Apple Music to labels and publishers, the platform states:
“We believe it is essential to pay the same rate to every creator because every play has value.”
What Factors Influence Apple Music Streaming Revenue?
However, it’s important to note that several elements can affect how much you earn per stream on Apple Music. Here are the two main factors:
1. The Subscription Plan of Your Listeners
So, did you know that the type of subscription plan your listeners have directly influences your earnings? Indeed, users with a paid subscription generate a higher per-stream revenue for artists than those using a free or trial plan.
2. The Geographic Region of Your Listeners
Next, it’s crucial to consider the location of your listeners. Payout rates can vary depending on the country or region where the music is played. Consequently, if your music is popular in regions where subscriptions are more expensive, you might earn more per stream.
To get a better understanding of the streaming trends in different regions, you can check out recent market studies.
Apple Music vs. Spotify: Which Pays Better?
Generally speaking, Apple Music pays approximately twice as much as Spotify per stream. Nevertheless, Spotify has a much larger user base, which can offer more visibility and opportunities for emerging artists. Therefore, it’s often recommended to distribute your music on both platforms to maximize your revenue.
For more information on the differences between these platforms, check out this detailed comparative article.
How to Increase Your Earnings on Apple Music?
To maximize your earnings on Apple Music, it is crucial to optimize your presence on the platform. Also, make sure to verify your account on Apple Music for Artists to access exclusive data on your listeners and use the promotional tools offered by the platform.
Finally, for artists looking to distribute their music, Wiseband offers an effective solution to reach a broad audience and start generating revenue on Apple Music.
For more information on Apple Music distribution, click here.