The Royalties Calculator (brought to our attention by Tom) offers and easy way to see how much your favourite musician is making these days. Just enter a name and numbers pop up for revenues from Spotify, YouTube, Amazon Music, and a series of other streaming platforms. Although these figures are just estimates, the algorithms offer fans an idea of how money is made these days.
In this example, Joey Ramone is still earning good money twenty years after his death. If you add up all the income streams, it’s estimated that his estate realizes about US$12,526 a month or just over US$150,000 a year. That does not include any income from licensing, sync, radio airplay or record sales (both physical and digital).
For a real shock, type in “Drake.” He’s apparently making US$174,000 a month (US$2.09 million) just from Spotify. If these algorithms are doing their job correctly, Drake brings in over US$43 million annually from streaming. No wonder he can afford all that bling.
Want to snoop around with your favourite artist? Go here.