There is no better feeling for a songwriter than writing a song they are pleased of. But after you’ve finished writing your song, you might be wondering how to market it. We’ll look at a few options for selling your song in this article and address any associated queries. Who is the owner of a song?
It’s crucial to know who owns your song before we discuss how to market it. In general, a song’s words and melody are regarded to be the property of whoever or whatever wrote them. However, if you co-write a song with another person, ownership will be shared by both of you. Any music you write with someone else should have a clear ownership agreement in place. One million streaming equates to how many album sales?
Streaming has taken over as the main way that consumers consume music in the modern music industry. But in terms of money, how does streaming differ from conventional record sales? It’s complicated, is the response. A 2019 Rolling Stone story claims that streaming services pay out $0.003 on average for each stream. To earn $1,000, 333,333 streams would be required. One million streams are equivalent to 1,500 album sales in terms of album sales.
You may run into the phrase “50/50 record deal” if you’re looking to sell your song to a record label. In this arrangement, the artist and the label split the revenue from the sale of albums and goods equally. For musicians that are just starting out and require a label’s backing to reach a larger audience, this kind of arrangement might be advantageous.
As was already mentioned, Spotify pays out $0.003 on average for each stream. The contract you have with your distributor or label, as well as the nation where your music is being played, can all affect how much money you actually make per stream. It’s important to keep in mind that other streaming services, like Tidal and Apple Music, often offer somewhat higher payouts per stream.
In conclusion, there are several methods to get money from a song you write, including licensing it for usage in media like cinema, television, or advertisements, approaching established musicians or music supervisors, and selling it to a record company. When it comes to co-writing songs, it’s critical to comprehend ownership rights and have definite agreements in place. Additionally, even though streaming has mostly replaced other methods of music consumption, it’s crucial to remember that the money made from it might occasionally be modest.