Mariah Carey’s record-breaking day shows how little musicians make from Spotify

Mariah Carey’s very necessary and iconic holiday bop, “All I Want For Christmas Is You,” is still breaking records even two decades after its release.

According to Chart Data, Carey’s wintertime hit broke the Spotify record for the most streams in a single day, reaching 10.8 million streams as of Christmas Eve.

The record was previously held by XXXTentacion for his single, “Sad!” The song reached 10.4 streams on June 19 — one day after he was shot and killed.

“Wait… What?!” Carey tweeted when she found out.

The diva’s 1994 tune shattered late rapper XXXTentaction’s 10.4 million record for his song “Sad!” — set on 19 June, the day after he was gunned down in broad daylight in Florida.

Carey is not a struggling musician, obviously; she is popular. According to Money Inc, her net worth is over $500million [£394m]. She’s won five Grammys.

Yet, relatively speaking, the Christmas jingle won’t make that much money from this record-breaking day. Spotify pays whoever holds the rights to a song anywhere from $0.006 to $0.0084 [£0.004 to £0.0066 pennies] per play.

The rights “holder” can then split these earning between the record label, producers, artists, and songwriters, which means splitting pennies between many parties.

Assuming the popular song is paid at the highest price of .0084 cents  [0.0066 pennies] per stream for 11 million listens, the rights holder or holders will earn $92,400 [£72,489] before splitting the earnings.

It’s not a terrible take for a single day, but it’s also not a lot of money given just how much people seem to love Carey’s Christmas jingle and its enduring appeal. Between them, the parties could all split a luxury car to share rides. Individually, they could maybe each buy a Toyota.

TNT Entertainment

Photo Credit: David Shankbone

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