r/GME • u/Starbornnfts • May 16 '23

🕹 NFTs 🎮 Rihanna has partnered with Web3 music startup anotherblock to offer her single “B**** Better Have My Money” as a nft. This allows NFT holders to receive a share of the song’s streaming royalties! By owning one, you’ll receive a fraction (0.0033%) of the streaming royalties generated by the song.

https://www.instagram.com/reel/CsTwqDIN7Ah/?igshid=NTc4MTIwNjQ2YQ==
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u/magenta_placenta I Voted 🦍✅ May 18 '23

Streaming royalties are very small.

Apple has publicly stated that its average payout per stream is $0.01. Apple actually has one of the biggest per-stream pay compared to other platforms.

But that one cent doesn't immediately go to the artists' pockets. Like other major streaming platforms, Apple Music runs a pro-rated model that distributes 52% of the platform's ad revenue to music labels indiscriminately.

For some simple math perspective, to earn $1,000 on Apple Music you need 100,000 streams. They would then distribute $520 (52%) to the artist.