To put this into perspective: Since we own our own recordings, by my calculation it would take songwriting royalties for roughly 312,000 plays on Pandora to earn us the profit of one –one– LP sale. (On Spotify, one LP is equivalent to 47,680 plays.)
Making Cents – Damon Krukowski of Galaxie 500 and Damon & Naomi breaks down the meager royalties currently being paid out to bands by streaming services and explains what the music business’ headlong quest for capital means for artists today.