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# Every Day Major Music Companies Earn $10M Millon, Indies $5 Million In Streaming Revenue
- URL: https://www.hypebot.com/every-day-major-music-companies-earn-10m-millon-indies-5-million-in-streaming-revenue/
- Published: 2016-08-03T11:58:00.000Z
- Updated: 2016-08-03T11:58:00.000Z
- Description: With average payments hovering around $.00575 per play, its easily arguable that Spotify, Apple Music and others music streamers are not returning sufficient revenue to creators. But in aggregate, music. Continue reading [https://www.hypebot.com/hypebot/2016/08/every-day-major-music-companies-earn-1
- Author: Bruce Houghton
- Tags: Indie Music, Major Labels, Music Business, Songwriting & Music Publishing, Streaming, Access Industries, Alpha strike (gaming), music industry, record label, Sony Music Entertainment, Spotify, Streaming media, Warner Music Group, Warwick Manufacturing Group, YouTube, #wp, #wp-post, #Import 2026-01-21 10:22

[![calendar](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c882f127970b-150wi "calendar")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b7c882f127970b-popup?ref=hypebot.com)With average payments hovering aroun**d $.00575 per play,** its easily arguable that **Spotify, Apple Music** and others music streamers are not returning sufficient revenue to creators. But in aggregate, music streaming has quickly become **a major source of revenue** for both independent and major labels. 

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[![Cash](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d20ca086970c-200wi "Cash")](http://hypebot.typepad.com/.a/6a00d83451b36c69e201b8d20ca086970c-popup?ref=hypebot.com)Recent earnings reports show that major music groups are collectively earning $10 million every day from audio and video streaming.This week Sony Music reported a 39% year-on-year rise in digital streaming revenue to $25 million a week or $3.3 million per day. Universal reports earning just over $4 million per day and Warner Music logs in at about $2 million a day in revenue from audio and video streaming. That totals just shy of $10 million a day being paid by Spotify, Apple, Google, Deezer and others to the 3 dominate music groups. Assuming that independent music companies\* are logging similar revenue, and several stats that we've seen show that indies are experiencing in faster growth in streaming revenue, they are earning more than $5 million per day from streaming revenue. Collectively, the music industry is now earning more that $15 million every 24 hours or almost half a billion $'s per month from music and music video streaming.\* *Independent record labels represent 37.6% global recorded music market share according to a recent [WIN study](http://impalamusic.org/content/first-global-market-share-analysis-independent-music-sector?ref=hypebot.com)*

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