Apple “sits in the sweet spot generating the second largest amount of streaming revenue with a per stream rate .00735,” nearly double what Spotify is paying, according to The Trichoridist, an artists rights website. In other words, Apple Music plays more cash per stream to artists.
Spotify’s average per-stream payout has fallen by 16% since 2014, generating just $0.00437 per stream for the label in 2016, down from $0.00521 in 2014. Apple’s$0.00735 generated 68% more revenue than Spotify.
However, Spotify has a near monopoly on streaming market share dominating 63% of all streams and 69% of all streaming revenue. Despite the lower payout, Spotify accounted for 69.6% of the labels’ overall streaming revenues; Apple accounted for 13.4%.The top 10 streamers account for 99% of all streaming revenue.