Skip to main content

A great trader finds a way to play both sides of the market. 

Though navigating equity markets is not exactly in his core job description as a touring DJ and electronic music producer, Party Thieves has found an additional stream of income from Spotify aside from his monthly royalties. And he says it's paying far better dividends.

"I’ve made more money shorting Spotify this month than they’ve paid me in royalties thru [sic] my whole music career," Party Thieves tweeted. "Shorting Spotify stock is my new career it seems."

Party Thieves has amassed over 15.5 million streams on his top 10 most popular songs on Spotify alone. While he's had no trouble marketing his music on the platform, Spotify's compensation per stream is roughly $0.004 on average—a point of frustration among artists seeking to maintain a living wage through royalty cash flow alone. 

Scroll to Continue

Recommended Articles

zedd

Zedd Reveals One-Time-Only "Clarity" Ten Year Anniversary Performance in San Francisco

At the special event, Zedd will play every track from his 2012 debut album.

Movement

Set Times and Special GRiZ Performance Announced for Movement 2022

The Detroit festival will feature performances from Jeff Mills, The Martinez Brothers, Carl Craig, Maya Jane Coles, Flying Lotus, Chris Lake, and more.

His earliest singles on Spotify date back to 2015, but Party Thieves has apparently made more shorting Spotify stock in merely a few weeks time.

"It’s no secret that artists get paid very little by streaming services. For the people who read this as a complaint, it’s not—maybe it’s solution," Party Thieves told EDM.com. "I’m very grateful for any and all opportunities I’ve had over my music career and money isn’t a driving factor. But when you contextualize what’s happening, music artists aren't being paid more to do anything besides create music. So my suggestion: invest."

On November 1st, Spotify's price closed at $300.95 per share. Since then, shares have fallen 42% at the time of writing. Shares recently hit a 52-week low after the streaming giant delivered a disappointing forecast on their projected future subscriber growth. Spotify has underperformed the NASDAQ which is currently down just 14.9% over the same period.

Though the broader markets have downtrended in recent weeks, the cycle has been particularly rough on Spotify given the increasingly competitive streaming landscape and a wave of controversy surrounding the growing number of artists requesting to have their content removed from the platform altogether.

FOLLOW PARTY THIEVES:

Facebook: facebook.com/PartyThievesMusic
Instagram: instagram.com/partythieves
Twitter: twitter.com/PartyThieves
Spotify: spoti.fi/3onehZt

Related

steve aoki

Steve Aoki Says He Made More Money From NFTs In 1 Year Than a Decade of Streaming Royalties

Steve Aoki's early adoption of NFTs has paid off, and he remains a believer in the technology's future.

spotify-mobile 2

Spotify Files Patent for Short-Form Video Sharing Akin to TikTok

Spotify's latest vision is an indication the company has been taking notes from its competitors.

Spotify money

Spotify's 10 Highest-Earning Artists Have Raked in a Combined $337 Million

The Chainsmokers and Calvin Harris are the top dance music earners on Spotify.

spotify

Open Letter From Congress Rips Spotify's Controversial Discovery Mode, Seeks Financial Transparency

Congressional leaders are requesting Spotify release a monthly report of all the content included in its promotional Discovery Mode feature.

spotify-icon-ios

Spotify to Offer Algorithm Visibility Boost in Exchange for Royalty Cut

The new"experiment" has drawn criticism from artists and fans alike.

spotify-icon-ios

Spotify Is Changing The Way Their Algorithm Promotes Music: 3 Takeaways You Need to Know

Spotify's controversial new experiment perked the ears of all their stakeholders.

spotify-mobile 2

Spotify's Revenue and Subscribers Skyrocket Based on Q1 Report

Spotify reports 130 million paid subscribers as quarterly revenue jumps 22%.

spotify-headphones

Spotify Extends Work From Home Arrangement Through End of 2020 For All Employees

Spotify employees are not required to return to the office until 2021 at the earliest.