CNBC Article - Summary of Facts and Figures

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(the article was written on 26th January 2018, and so the information is relevant to the time period surrounding its production)

• Spotify pays approx. $0.006 to $0.0084 per stream to the holder of music rights, which can be split between the record label, producers, artists and songwriters. 
• This equates to around £0.0047 to £0.0065.
• 1 million plays on Spotify translates to around $7,000, and one million plays on Pandora generates $1,650.
• Spotify is still losing money, despite growing 40% a year.
• Record labels can take as much as 70% of royalties.
• When Spotify was in it's early days, it sought investments from the big record labels, but have now effectively replaced labels.
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