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How many streams would an artist need to earn as much as Spotify CEO Daniel Ek? No one’s close.
Spotify CEO Daniel Ek has cashed out $345 million in stock over the past year. How many streams would pay out that much? No one is close.
Giles and the team at the Infinite Catalog newsletter used a “generous” estimate of $.003 per stream, as well as assuming that the artists own their publishing rights and masters, which is rarely the case. One small quibble with this chart: Giles writes, “Ek cashed out more in 12 months than any artist has ever made on Spotify.” That’s a fair guess based on publicly-available information, but I don’t think it’s a confirmed fact. So higher payouts for Drake or Taylor Swift would mean that Spotify gave them more in their careers than Ek made in 12 months.
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