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Entertainment of Thursday, 23 June 2022

Source: www.mynigeria.com

Top 10 Nigerian artists who have surpassed a billion streams on Spotify

Nigerian singers Davido and Wizkid Nigerian singers Davido and Wizkid

The Nigerian entertainment industry seems to be growing each and every day and has now gone fully-fledged digital, with more artists choosing to release their music on big Digital Service providers (DSP)like Spotify.

In April, an infographic from tooxclusive.com showed the top 10 Nigerian artists who had surpassed a billion streams on Spotify.

'Essence' hitmaker Wizkid topped the chart with a total of 4.4 billion streams while the African Gaint Burna Boy followed next with 2.7 billion streams. Mr. Eazi found himself in the third spot with 1.3 billion streams and the 'Love Nwanatiti' crooner, Ckay has 1 billion streams.

Afrobeat superstar Davido also found himself in the 5th spot with 909 million streams, Maleek Berry with his 516 million streams. 'Essence' co-star, Tems is number 7 with 412 million streams. Rema with his 356 million streams while Fireboy DML occupies number 9th position with 300 million streams.

African bad gal, Tiwa Savage rounded up the top 10 list with 270 million streams.

According to Legit.ng calculations, the 10 artists made over N17.94 billion or ($42,779,640) from streams using data from a number of online Spotify royalties calculators, including the Streaming Calculator.

In 2020, a report from Business Insider found that Spotify paid artists $.0033 per stream, which means that artists would have to have around 250 streams to earn one dollar.

It is however important to note that the earnings are based on the audience location and services.

In a 2020 report from music distributor iGroove, reveals that UK listeners pay $0.0049 per stream, whereas listeners from the US pay $0.0035 per stream.

iGroove explains:

“Spotify keeps 30% of all revenues generated. Of the remaining 70%, a part is paid for the songwriters and composers and the rest goes via label or distribution to the rights holders of the song.

“From the remaining share it’s calculated how many streams there were in total and how high the share of each artist is. Assuming there were one million streams per month and you have achieved 1,000 streams, you will receive 0.01%”

Spotify earnings estimate for Nigerian artist based on Streaming Calculator

1. Wizkid 4.4 billion N6.42bn ($15,312,000)

2. Burna Boy 2.7 billion N4.05bn($9,674,400)

3. Mr. Eazi 1.3 billion N1.94bn(4,628,400)

4. Ckay 1 billion N1.48bn ($3,549,600)

5. Davido 909 million N1.32bn($3,163,320)

6. Maleek Berry 516 million N753.26m($3,549,600)

7. Tems 412 million N601.4m($1,433,760)

8. Rema 356 million N519.69m($1,238,880)

9. Fireboy DML 300 million N437.94m($1,044,000)

10. Tiwa Savage 270 million N394.15m($939,600)

In Spotify, in its 2021 Wrapped report, which is an annual roundup of the top artists, album, songs and playlists of the year as streamed by users on the platform it noted that Nigerians dominated the list.

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