Duetti's Inaugural 2023 Music Economics Report Finds Spotify's Dominant Market Position Brings Down Industry-Wide Streaming Rates For Independent Artists

The report offers invaluable perspectives for artists and their teams, uncovering the impact of DSP price increases on per stream rates, measuring platform performance across various geographic regions and genres, and identifying areas where artists may experience revenue loss.

Key takeaways from the inaugural report include:

1. Earnings per stream are down by 2% in 2023 despite price increases by the streaming platforms - independent artists make $2.95 per 1,000 streams

2. For US & UK artists, YouTube is more important than ever

3. Streaming income varies greatly by genre

4. 5 markets generate 80% of income for US artists

5. The average independent artist spends 26% of income on distribution fees (unless they choose to go fully DIY)

"One of the biggest challenges we see facing independent artists is the inability to make informed financial decisions due to incomplete data and unclear statements stemming from an industry with a longstanding history of opaque and overly complex finances," says Lior Tibon, CEO and co-founder of Duetti. "This report arms independent artists with the right data to have more informed conversations regarding streaming economics, better navigate their finances, and maximize their success in a streaming-first industry."

Since its inception, Duetti has become an essential business tool for hundreds of independent artists, leveling the playing field by opening up catalog sales to a wider group of artists and adding millions of dollars to the mix to fuel their creative endeavors. Duetti isn't just an investor; it's a guide for savvy decisions in the ever-changing financial currents of the music industry. To date, Duetti's facilitation of music rights acquisitions has seen artists receive upwards of seven figures per deal.

The Duetti Inaugural End-of-Year Music Economics Report for Independent Artists is now available at duetti.co/press

About Duetti
Duetti was founded by Lior Tibon, former COO of TIDAL, and Christopher Nolte, former Business Development executive at Apple Music, with the mission of getting a wide range of artists quick and easy access to catalog sales and unlocking new investment opportunities. Leveraging their experience in streaming and support from music and tech's most innovative investors including Viola Ventures and Roc Nation, Duetti's music financing platform has helped hundreds of artists receive upwards of seven figures for their catalog and single-track masters. The unique model provides data-driven prices for established tracks, allowing artists to sell individual tracks or even parts thereof, while Duetti then markets those tracks going forward using unique ROI-focused techniques.

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