Taylor Swift Could Make $100M From Spotify Streams This Year

Swift's Spotify earnings: Taylor Swift is estimated to earn $101 million in royalties from Spotify in 2023, with recorded music royalties at $97 million based on 26.1 billion streams. 

Top-streamed artist: Swift had more streams in 2023 than any other artist, surpassing Bad Bunny, the Weeknd, Drake, and Peso Pluma. 

Spotify Wrapped: The annual Spotify Wrapped launched, with a humorous video message from Weird Al joking about earnings from 80 million streams, enough to buy a sandwich. 

Swift's history with Spotify: Swift withdrew her music from Spotify in 2014 but returned, and her current success highlights the platform's impact on artist earnings. 

Royalty system restructuring: Spotify announced changes to its royalty system, addressing issues like artificial streaming and tracks with fewer than 1,000 streams. 

De-monetization of tracks: The restructuring aims to de-monetize tracks that previously received 0.5% of Spotify's royalty pool. 

Revenue impact: Spotify claims the changes will drive approximately an additional $1 billion in revenue toward emerging and professional artists over the next five years. 

Addressing streaming issues: Spotify's efforts aim to tackle artificial streaming, low-stream songs, and tracks that serve as mere background noise in its commitment to supporting artists. 

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