How Much Money Does A Platinum Single Make?

Is Diamond better than platinum?

The award levels are Silver (20,000+), Double Silver (40,000+), Gold (75,000+), Double Gold (150,000+), Diamond (200,000+), Platinum (400,000+) and Double Platinum (800,000+)..

How many times Platinum is Diamond?

RIAA GOLD & PLATINUM AWARDSCertificationMinimum UnitsDate EstablishedGold®500,0001958Platinum®1,000,0001976Multi-Platinum®2,000,000 (in increments of 1,000,000 thereafter)1984Diamond®10,000,000 and counting19996 more rows

Who is the richest songwriter?

Paul McCartneyThe richest songwriter in the world is Paul McCartney with a net worth of $1.2 billion.

How much money is a hit song worth?

According to Pierre Bradshaw, who worked 6 years at MCA/Universal Music, a band with a hit song can bring in anywhere from $10 thousand to $50 thousand per performance. And the actual members of the band get to keep around 85% to 90% of that. (Their manager usually gets a 10% to 15% cut.)

How much is a hit song?

There’s no definitive guide to how much you’ll spend on advertising, and a single unpaid post could end up going viral if done properly, but a ballpark figure would be around $50,000, bringing the overall total for creating a hit pop song to around $75,000.

Who has a Diamond album?

More Entertainment Stories: Garth Brooks holds the record for most diamond-certified albums, with nine. Others with three or more albums that have reached diamond status include The Beatles, Led Zeppelin, Shania Twain and the Eagles.

How much money does a one hit wonder make?

The one-hit wonder song that turned into a $175 million fortune.

Do Songland winners get paid?

Unfortunately for the contestants, the Songland prize isn’t monetary, but it could certainly lead to financial success down the line. The winner’s music will be recorded by one of the show’s many A-list performers, which is definitely one way to kickstart your carer.

What’s higher than platinum record?

These awards, given by the Recording Industry Association of America (RIAA), represent huge sales — 500,000 albums for gold, 1 million for platinum, 2 million or more for multiplatinum.

Can you play a platinum record?

Most gold and platinum records are actual vinyl records that are dipped in metallic paint. Since they are normal records then they will actually play! If you have a turntable or lathe that accommodates a 14-inch disc (the size of lacquer masters) you can play them.

How much is a platinum record worth?

A platinum single makes between $800 and $500.000. A Platinum single means that a certain number of the track were sold, also the amount the artist makes depends on their contract with the music company.

What rappers have gone diamond?

Ranking the Seven Rap Albums That Went DiamondOutKast, Speakerboxxx/The Love Below.2Pac, All Eyez on Me. Image via Discogs. … Eminem, The Marshall Mathers LP. Image via TheDrop. … The Notorious B.I.G., Life After Death. Image via 92q. … Eminem, The Eminem Show. Image via Hypetrak. … 2Pac, Greatest Hits. Image via Discogs. … MC Hammer, Please Hammer, Don’t Hurt ‘Em. Image via Poprescue. …

How does a single go platinum?

In order to get to that reckoning, the RIAA has created a new formula: 1,500 streams is now the official equivalent of ten single track sales or one album sale. (Gold status is awarded after the equivalent of 500,000 sales; platinum, on 1,000,000 sales.)

How many streams make a platinum single?

An artist needs to sell 500,000 copies of a single record for it to reach a gold benchmark and 1 million to go platinum. But this doesn’t mean a single stream will now carry the same weight as an album sale — instead, the RIAA says 1,500 song or video streams will be equivalent to ten track sales or one album sale.

Is Platinum better than gold?

Platinum is Stronger and More Durable Though both gold and platinum are strong and durable precious metals, platinum is the stronger and more durable of the two. For example, the prongs holding the center stone of a platinum engagement ring are less likely to break then those of a gold engagement ring.

Do you get money for going platinum?

On YouTube, you would receive $690. … Bump that up to a platinum single (recognised as 150,000,000 streams by the Recording Industry Association of America) and here are the numbers; Youtube nets you $103,500, Spotify nets you $655,500, and Apple Music nets you $1,102,500.

Which is costly diamond or platinum?

The most obvious difference between the two elements is that platinum is metal while diamonds are minerals. The price of platinum per gram is 25 dollars and a 1-carat diamond, considering its cut, clarity, and color, costs anywhere between 2,500 and 16,000 dollars. Diamonds are far more expensive than platinum.

How much money does a number 1 hit make?

An average hit song on the radio today will earn the songwriter $600-800,000 in performance royalties.