Qobuz, the platform for high-resolution music streaming and buying, has shared the outcomes of an impartial evaluation into its common royalty payout per stream.
The platform is the primary of its sort to have its common payout price per stream formally validated, which it says kinds a part of its “dedication to fairer compensation for artists”. The evaluation reveals that on common, it pays 5 occasions extra income per consumer than the market common.
Within the 2024 fiscal 12 months, Qobuz paid a median of US $0.01873 per stream to labels and publishers. As a press launch from the model clarifies that if a monitor reaches 1,000 performs on Qobuz, this represents US $18.73 paid to those rights holders, who then pay out to the artists, songwriters and composers, in response to the phrases of their contracts.
When it comes to common income per consumer (ARPU), Qobuz generated a median income of US $121.13 per 12 months, the place the market common is US $22.38 per 12 months. The platform affords various approaches to streaming in comparison with its business opponents, by providing an unique paid mannequin solely (no ad-free tier) to make sure larger compensation, for instance.
Qobuz additionally affords entry to uncompressed (lossless) and high-resolution audio high quality to justify its premium positioning, and likewise has a obtain retailer the place customers (not restricted to streaming subscribers) can purchase albums in Hello-Res and CD high quality.
Georges Fornay, Deputy CEO at Qobuz, feedback, “Though quite a few reviews spotlight our payout charges as among the many highest within the business, no streaming service had formally disclosed its charges till now. Right now, we’re taking this step for higher transparency.
“Our payout charges at the moment are public. This unprecedented transfer in our business is a essential first step towards selling a fairer and extra sustainable streaming mannequin. Selecting Qobuz means taking concrete motion for fairer compensation for all artists and supporting musical variety, values that our clients cherish.”
Discover out extra through the official Qobuz web site.
