This stat underscores how difficult it is to get attention on Spotify
Spotify is the most popular of all the streaming platforms. The last I heard, 60,000 new tracks are added every day. The current library of available songs is somewhere around 82 million (I should point out that all the platforms have access to those same 82 million songs). The number of artists on Spotify is somewhere around eight million.
That’s a ton of competition. And not only is a new artist competing with their contemporary peers, but they’re also up against practically every single song ever recorded in human history. No wonder it’s so hard to gain traction.
Music Business Worldwide loves to dig into Spotify stats. Last month, they discovered that two-thirds of those eight million artists have released fewer than 10 tracks. And it gets weirder.
About 1.73 million artists on Spotify have more than 50 listeners per month. The math also says that 1.7 million artists–about 21.6% of the total–have an audience bigger than 50 monthly listeners. That means 78.4% of the artists on Spotify–that’s 6.3 milllion, give or take–who have a monthly audience of less than 50 people.
A couple more stats:
- 0.2% of the 8 million artists generate more than US$50,000 a year.
- 22.4% of all the songs on Spotify–17.5 million–have been played fewer than 101 times since the birth of Spotify in 2008.
- 51% of all songs have been played fewer than 500 times.
- 60.8% have been played less than 1,000 times
- 79.1% have been played less than 5,000 times
- There are 3.6 million podcast titles available
Wow, huh? Read more here.
