Boosie on Snoop Saying 1B Streams Only Makes $45K: He Splits His Money 5 Ways (Part 27)
January 10, 2024
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6:06Now PlayingBoosie on Snoop Saying 1B Streams Only Makes $45K: He Splits His Money 5 Ways (Part 27)
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Boosie gave some insight into the intricacies of music streaming revenue. He corrected a misconception that a billion streams earn only $45,000, asserting that artists can actually earn between $3 to $5 million per billion streams on Spotify. However, he highlighted that when signed to a label, these earnings are often divided between several parties, which can drastically reduce an artist's income. Many artists end up in debt due to advance payments they have to recoup. On a different note, Boosie detailed his admiration for Vanilla Ice’s business acumen. Vanilla Ice smartly bought the rights to the song he sampled in his hit "Ice, Ice Baby," making a fortune from merely possessing the rights to both songs. He emphasized the importance of owning one's catalog and being serious about music, pointing out that the right revenue strategies could lead to lifelong financial benefits.
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