Music consumption has changed from physical record sales to streaming services in the current digital era. Streams have become a new metric for success in the music industry as a result of this. But how many album sales are required to equal one stream? Because it depends on a lot of variables, the solution is not simple.
It’s crucial to first comprehend the distinction between album sales and streams. The number of physical or digital albums that consumers have purchased is referred to as album sales. On the other hand, the term “streams” describes how many times a music has been played on a streaming service like Spotify or Apple Music.
One album or ten track sales are equal to 1,500 on-demand audio and/or video streaming, according to the Recording Industry Association of America (RIAA). Accordingly, 500,000 album sales or 750 million streams are required for an album to be recognized as gold in the US. Similar to this, 1.5 billion streams or 1 million album sales are required for an album to be certified platinum.
The decision to launch a small record company is one that should be carefully considered because it can be expensive. The start-up expenses for a record label might vary based on the genre of music being produced, the label’s location, and the amount of production required. The price of recording equipment, marketing and promotion expenses, legal charges, and artist royalties are a few typical expenses.
It’s crucial to safeguard the songwriter’s intellectual property while copyrighting a song. The procedure include filing a registration form and payment with the relevant copyright office. This guarantees that the song’s author is its legitimate proprietor and qualifies for royalties from its use.
Finally, creating a successful record label in 2021 requires a number of elements, including a potent marketing plan, a distinct vision for the label, and a concentration on cultivating connections with musicians and business leaders. It’s critical to comprehend the state of the music industry today and to adjust to its shifting trends. It takes time, effort, and dedication to establish a recognized and prosperous record label.
In conclusion, there are many variables that affect the intricate link between album sales and streams. It can be expensive to launch a small record label, and copyrighting a song is crucial to safeguard the songwriter’s intellectual property. In order to launch a successful record label in 2021, it’s critical to have a clear goal, a potent marketing plan, and a dedication to cultivating connections within the trade.