Spotify Business Analyst Salary
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Spotify Business Analyst Salary
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Salary: Spotify Media & Communications
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We were unable to complete your request. In most cases, it is possible to fix the problem by reloading the page. Click here to restart the recharge. Se il problema persiste, puerdi essersi verificato un guasto momentaneo del nostro sito. Yesterday at Music Business Worldwide, the CEO of the UK’s Entertainment Retailers Association (ERA), Kim Bayley, offered a rousing defense of music streaming services – in particular, copyright. of these platforms take a large share of the industry’s revenue ‘pie’ paid to artists and record labels.
As a few of you have noticed, this included the unflinching removal of my words, as originally written in this Rolling Stone column.
“Tim Ingham recently wrote about money ‘maintained by … .
The plot, hammered home by the ‘nonsense’, is obvious: Kim is boldly misusing the use of language – which is supposedly designed to drag you, the valued reader, away from the simple truth of the matter.
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Apart from the simple truth of the matter, in this case, it’s all in the numbers. (Don’t worry, the Spotify salary stuff is coming – these are all important conditions.)
Here’s the truth: according to industry figures published by the ERA and BPI, 56.4% of the money paid for subscriptions to broadcasting services in the UK in 2018 was paid to artists and record labels.
This number is down on last year (57.6%), and down 2.5% on the same number from 2016 (58.9%).
This additional portion of the revenue, therefore, is being ‘kept by the streaming platforms’… ‘instead of landing in the hands of the artists and labels’, as it was two years ago.
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The main argument at play here – ie. how much money streaming services should pay to rights holders, and how much they should keep – anger, day-to-day, behind the scenes in the music business. (The numbers above, obviously enough, are for recorded music; Spotify pays songwriters and publishers separately, itself a matter of fierce debate.)
Records, artists, songwriters and publishers are on one side; Daniel Ek, along with sales reps like Kim Bayley, are at one.
Another harsh sentence from Kim’s defense of the streaming platforms would have certainly raised the eyebrows of the old crowd:
The answer, apparently enough, is no. As we see when we go down in the financial figures of the world subscription music platform – and ERA board member – Spotify.
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In the company’s defense, its annual operating costs (in R&D, sales & marketing and general admin costs) have consistently exceeded its revenue growth over the past five years. (SPOT prices rose 604% from 2013-2018; op prices rose 525%.)
But one area of Spotify’s use continues to raise industry interest and speculation: how much does the firm pay its employees. So let’s put gossip and rumors to bed, and look at things positively.
The long and the short of it: Spotify is paying its average employee twice what he did in the year it was founded in the United States (2011).
But – and this is interesting – in 2018, the year they started on the New York Stock Exchange, the average salary of the company fell (slightly) for the first time in its short history.
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MBW also dug through Spotify’s annual records as a private company with the Registre de Commerce et des Sociétés (ie. Companies House) in Luxembourg, in addition to SPOT’s annual accounts as a public company, filed with the SEC in the United States.
This gives us two sets of important information: the number of full-time employees registered each year at Spotify, and the total amount spent each year on ‘wages and salaries’ by the company in Euros.
Here’s how the numbers stack up from 2009-2018 (with gross earnings rounded/rounded to the nearest million):
From there, we can see what the average Spotify employee has been taking home as a salary over the past 10 years.
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It reached its peak in 2017, when the average SPOT salary hit €117,568. (These figures, for the sake of transparency, were calculated using SPOT’s actual reported financial data, as opposed to the rounded millions of Euros above.)
The departure of Spotify’s top executives after the NYSE flotation — including Dave Rocco, Troy Carter, Tuma Basa and others — may have offset this decline.
Below, the Euro figures for each year have been converted to US dollars at the current annual rate in each.
Due to changes in currency exchange rates, the drop in Spotify’s 2018 average annual profit in dollar terms is less (-0.4%) than it was at the Euro level.
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The general trend of the last decade, however, remains: in 2009, the average Spotify salary was three times smaller than what we see today.
Whatever you think of the numbers above – and there is, of course, a case to be made for a higher salary equal to domestic skills – one thing is clear: Spotify, of course, does not work ‘for free’. Business Worldwide
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The best of MBW, along with the most important music biz stories on the web. Delivered FREE, straight to your inbox every day. How Many CDs, Downloads, and Streams Do You Need to Get Paid for Spotify… Paul Resnikoff June 3, 201619
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Last week, income trackers revealed that the average Spotify employee makes about $168,747 a year. But what would the artist have to sell or tour to meet that number?
This is an adaptation of a popular infographic by Good Information from a few years ago. This was a frightening (and depressing) look at what a modern artist needed to make the equivalent of a minimum wage, which raised serious questions about the ability of artists to earn money.
In this case, we have increased the bar significantly above the indicator, and calculated how many CDs, iTunes downloads, or streams would be required to live as a Spotify user.
(1) CDs: Takes the price of $ 10 healthy CD, which is considered generous in this market (perhaps from time to time); about $0.50 for production, shipping, etc. per unit is estimated.
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(3) Letters of cut: these are different and the accounting of the accountant usually closes; we went with a 10% payout estimate on CDs. On the stream, you’re lucky to get anything.
(4) Spotify streams (copyright 100% controlled): Using an average per-stream royalty rate of $0.004891, based on our analysis of a band with more than 1 million Spotify streams over a 3-year period.
(5) Spotify streams for songwriters: based on a per-stream rate of $.00058 as calculated by Trichordist David.
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