LEGIT NG
Nigerian artist, Damini Ebunoluwa Ogulu, popularly known as Burna Boy entered into record books after becoming the first African artist to hit over one billion streams on popular music streaming platform, Audiomack.
Vanguard reports that the achievement was confirmed by Audiomack via their official Twitter account on Thursday.
The Grammy-winning artist achieved the feat with the combined streams of his last three albums and singles in recent years, Punch reports
More money to Burna Boy bank accounts
While the exact earnings from his Audiomack achievement are not publicly disclosed, the potential revenue range for 1 billion streams, based on industry rates, could be estimated at $5 million (N4.10 billion).
In July 2021, Techcabal reported that Audiomack extended its monetization program to Nigeria, allowing streams from the country to be monetized as well. The Audiomack Monetization Program (AMP) enables artists to monetize their music and receive direct payment from the Audiomack backend.
A statement obtained from Audiomack reads:
“Audiomack calculates “revenue per stream” is a variable figure that is calculated on a month-to month basis, due to the variability of advertising revenues.”This number is calculated by dividing revenue generated from advertisements and subscriptions by the total number of total streams on the Audiomack platform in a calendar month.”AMP creators are paid based on the number of streams of their monetized content, multiplied by the “revenue per stream,” multiplied by the AMP revenue share, which is fifty (50%) percent.””To clarify, there is no fixed “per-stream rate.” Rather, this rate fluctuates based on a variety of factors, including what country the streams occurred in, the number of monetized streams on the platform, the amount of total revenue generated, and more.”
Audiomack payment calcuation
According to various sources, Audiomack pays around $0.005 per stream. This means when a song is streamed on Audiomack, the artist who created the song receives a percentage of the revenue generated from that stream.
For example for every 1,000 streams of Artiste song on Audiomack, an artiste can expect to earn around $5 or $1,000 to $5,000 for every 1,000,000 streams.
