How Much Money Did The Song Despacito Make?
- Philip Martin
The song “Despacito” by Luis Fonsi and Daddy Yankee has slowly but surely climbed to the top of music charts throughout the world, as well as the hearts of many, many listeners. After only a few short months since its release at the beginning of this year, the reggaeton pop song surpassed all others to become the song with the most total streams ever in the month of July.
This success can be attributed in part to the song’s clever composition as well as a successful promotional strategy. It has been at the top of the Billboard Hot 100 charts for a total of sixteen weeks, putting it in contention for a record that had been held only by a song by Mariah Carey from 1996.
It now holds the record for the most views of any music video uploaded to YouTube. Spotify said today that the song has been given the title of “this summer’s indisputable anthem.” It does not appear that its dominance will be overthrown in the near future at all.
Do I have this right that Fonsi and Daddy Yankee are now among the wealthiest musicians of all time? When we take a closer look at the data, the answer is “not really.” We don’t know the exact monetary agreement that Universal struck with each and every service for the song; however, we can take some educated guesses.
According to Fonsi’s record label, Universal Music, “Despacito” has been played 4.6 billion times across streaming platforms such as Spotify, Apple Music, and YouTube. Most music royalty negotiations are not made public, and they depend on factors such as an artist’s popularity and prior work.
Bear in mind that 2.7 billion of the song’s streams were from YouTube, a completely free-to-access and ad-supported website that has been criticized at length by the music industry for being too stingy with its royalties, which are all cut from ad revenue. Keep in mind that the music industry has criticized YouTube for being too stingy with its royalties.
The most recent estimates put its royalty fees at around $0.0007 per play for each stream. That means that Fonsi and company made at best a pitiful $3.2 million from YouTube. Keep in mind that he also has to divide the revenues with his composers Erika Ender, Daddy Yankee, and Justin Bieber, the latter of whom featured on a popular remix version of the song.
What about streaming services, which have been hailed as the industry’s saviors? On Spotify, the compensation to rights holders (such as songwriters) for each “per-stream” goes anywhere from $0.006 to $0.0084 on average. If we use the highest possible estimate, this indicates that “Despacito” would have generated $38.6 million if it had been streamed 4.6 billion times on Spotify alone.
(The amount would be considerably greater if it had hit that number of streams on Apple Music, Amazon Music, Deezer, Tidal, or any other subscription-only music service. This is due to the fact that Spotify’s ad-supported free tier reduces artists’ revenues.) In reality, it was only streamed 1.9 billion times across various networks, which means that it made something in the neighborhood of $15 million.
- When the reimbursement from YouTube of $3.2 million is included in, the total money earned through streaming comes to $18.2 million, which is significantly less than $38.6 million.
- And yet, all of this is a drop in the bucket compared to how much “Despacito” would have generated if it had not been streamed at all and had instead been sold only as physical copies or digital downloads: For instance, the composers receive around $0.20 from the sale of each song that is purchased on iTunes for $1.29; hence, it would have only required 193 million “listens” for the song to reach $38.6 million using this method, as opposed to 4.6 billion.
However, the paradox of streaming is that if YouTube’s free service had not exist, then possibly people would not have listened to the music at all on premium streaming sites. This is because paid streaming services require users to pay a subscription fee.
(Picture yourself enthusiastically informing your pals about a great musical find but at the same time include the following enticing disclaimer: “Listen to this song, won’t you? It will only cost you one dollar and ninety-nine cents to complete! “) According to Moneyish, YouTube today has three times the amount of users as Spotify, Pandora, and SoundCloud combined.
Its powerful leverage cannot be disregarded, and musicians who are unhappy with YouTube’s compensation rates still have no other option but to accept them.
How much did Despacito sell?
International – The original version of “Despacito” has reached number one on the charts in 47 different nations, while the remix version of the song starring Justin Bieber has also contributed to combined chart entries in a number of these countries.
- The song was number one in Spain for 26 weeks, in Switzerland for 20 weeks, in France for 18 weeks, in Germany for 17 weeks, in Canada for 16 weeks, in Italy for 14 weeks, in Australia for 13 weeks, and in the United Kingdom for 11 weeks.
- The song was awarded many certifications across Europe, including 13 platinum in Sweden and Spain, diamond in France and Italy, and 4 platinum in both the United Kingdom and Germany, amongst other awards.
In addition to that, it was awarded a diamond certification in Australia, as well as a five-platinum certification in Canada. In Latin America, it was certified as a six-carat diamond in Brazil, a five-carat diamond in Mexico, and a four-carat platinum in Chile.
- Simply the remix version was enough to put the song at the top of the charts in five different nations and earn platinum certification in New Zealand and Brazil as well as gold certification in Germany.
- With 2.3 million combined sales, “Despacito” was the second best-selling song of the year in the United Kingdom.
It was also the song that was streamed the most throughout the course of the year. Additionally, it was the single in Canada that had the highest number of digital sales in 2017, with over 300,000 total sales. It finished 2017 on top of the charts in 16 countries and came in at number two in 15 others, making it the best-performing single overall.
It was the song that was played on the radio 580,450 times in 2017, making it the song that was played the most in Latin America, and it also had the best performance of any foreign music in Brazil in 2017. With a total of 24.3 million purchases and track-equivalent streams, “Despacito” was the second best-selling song in the world in 2017.
It was the 72nd most played song in Latin America with 107,980 spins in 2018, making it the sixth best-selling song of the year overall, with 11.8 million purchases + track-equivalent streaming. In addition, it was the sixth best-selling song of the year in 2018.
Additionally, “Despacito” reached its highest position on the newly introduced Billboard Global 200 chart on the issue date of August 7, 2021, where it peaked at number 114. In July of 2017, the original and remix versions of “Despacito” reached 4.6 billion streams, making it the song with the most ever streams of any song in the history of music streaming.
As of the month of April in 2018, it had been streamed 7.5 billion times. The remix version of the song became the first song on Spotify to achieve one billion streams in February 2018, while the original version of the song became the first non-English single to reach the milestone in June 2019.
What is Despacito net worth?
A Look at the Wealth of Luis Fonsi
|Net Worth:||$20 Million|
|Date of Birth:||Apr 15, 1978 (44 years old)|
|Height:||5 ft 8 in (1.73 m)|
|Profession:||Singer, Composer, Musician|
Is Despacito a diamond?
The Recording Industry Association of America (RIAA) has confirmed that ‘Despacito,’ the mega-successful collaboration between Luis Fonsi and Daddy Yankee, as well as its remix featuring Justin Bieber, has reached the milestone of 10 million sales and streams in the United States, which is required to receive the Diamond certification.
Is Despacito still Number 1?
Explore – Explore Check out the most recent videos, charts, and news here. Check out the most recent videos, charts, and news here. He justifies it by saying that it was merely another song sung in Spanish. “This has been my profession for the past 21 years.
- It’s only that I’m releasing an album, therefore let me write a new song for it.
- After Daddy Yankee jumped on this notion, I thought it started to sound pretty fantastic, so I decided to run with it.
- We put it out there, and it quickly becomes a massive success.” After waiting another four months, they made the decision to include Justin Bieber in the new version.
Fonsi says, “He opened a lot of doors for us,” and he is right. “I am really thankful that everything fell into place in such a perfect manner, and that all the stars were in their proper places. I am really happy to see that people all around the world were dancing and singing in Spanish.” In the end, “Despacito” ended up equaling the record held by Mariah Carey and Boyz II Men’s “One Sweet Day” for the most weeks ever spent at No.1 by a single by spending 16 of those weeks there in 2017.
How much did Luis Fonsi Despacito earn from the song “Despacito”?
The song “Despacito” by Luis Fonsi is largely responsible for his massive earnings. It is believed that Luis has made a total of $2.7 million alone from the YouTube broadcasts he has created. The video for Despacito is now the one that holds the title of most viewed video on YouTube. This is due to the fact that it has received approximately 5 billion views on the platform.
How many times has ‘Despacito’ been played on YouTube?
Being number one does not carry the same weight as it once did. The song “Despacito” by Puerto Rican artist Luis Fonsi has surpassed the tune “Sorry” by Canadian popstar Justin Bieber to become the music that is streamed the most throughout the world.
- As of the middle of November, the song “Despacito,” which also features Justin Bieber and Daddy Yankee, has been seen 4.3 billion times on YouTube by alone, as reported by Universal Music, which is Fonsi’s record company.
- By June of this past year, it had racked up 4.6 billion plays across all streaming platforms, making it the song with the most listens ever.
A second record that “Despacito” holds is the record for the most weeks spent at the top of the Billboard 100 charts. And during this week’s Latin Grammy Titles, Fonsi was awarded not one, not two, but four major prizes, including the highly sought-after awards for best album and best song.
- There is limited information easily available on the songs that have been streamed the most, but “Despacito” has a significant lead over “Sorry,” which has been listened to 4.38 billion times, and Ed Sheeran’s “Shape of You,” which comes in at third place with 4.08 billion listens.
- However, despite the fact that it is a tremendous achievement for Fonsi to have a song that is mostly sung in his native Spanish become the most popular song in the world, it is unlikely that the singer, who is currently 39 years old, has made as much money as a mega star would have in the era of CD sales.
If we assume that Fonsi made $0.008 per stream, which is at the top end of the range of estimations provided by the industry when it comes to royalties from Spotify, then he would have brought home royalties to the tune of $36.8 million as of the summer of this year.
However, the true number is probably certainly a great deal lower considering that over 2.7 billion of “Despacito’s” streams originate from YouTube, where it is the fourth most played video of all time. Due to the fact that the video website splits advertising revenue rather than paying per stream, YouTube pays out far less than Apple Music and Spotify do on average.
Mark Mulligan, managing director of London-based MiDiA Research, calls this “a fundamental challenge that faces streaming.” He adds that the music business is expecting that YouTube will “expand its position such that income equals size of usage.” The proportion of Fonsi’s fame that can be attributed to nations in Latin America, such as Brazil and Mexico, which rank second and third, respectively, among the world’s most lucrative streaming markets, complicates the financial implications of his success.
According to Mulligan, “they are very essential,” but the majority of the music played there will be available for free since users have low amounts of discretionary spending. They have an excessive number of hits, yet their payout levels are disproportionately low. Check out this article as well: the key to obtaining a significant savings on Apple Music This has resulted in a problematic relationship with record companies, despite the fact that they have very few options available to them.
YouTube is the most popular platform for actively playing music online, with around 1.2 billion monthly active users, making it the largest music streaming service in the world. In point of fact, even while the rate of audience growth on the platform that is owned by Alphabet has slowed, it still has three times as many listeners as the sum of Spotify, Pandora, and SoundCloud.
- Fonsi probably isn’t too concerned by the fact that he made less money directly from music than an artist of his quality could have made straight from music a decade ago.
- According to Mulligan, more and more artists are able to support themselves financially through activities such as live concerts and the sale of items.
They are considering streaming as a potential means of expanding their brand. This article was amended on November 17, 2017, to include information on the Latin Grammy Awards that Luis Fonsi won in 2017.
Why is ‘Despacito’ so popular right now?
The song “Despacito” by Luis Fonsi and Daddy Yankee has slowly but surely climbed to the top of music charts throughout the world, as well as the hearts of many, many listeners. After only a few short months after its release at the beginning of this year, the reggaeton pop song has surpassed all others to become the song that has been streamed the most of all time.
How many views did’Despacito’get on YouTube?
(Image by Matt Sayles / Invision / Associated Press) The video for the blockbuster song “Despacito,” which features Daddy Yankee and was performed by Luis Fonsi, has broken a new milestone on YouTube by becoming the first video on the digital site to exceed 6 billion views. One might argue that the song is “slowly but surely” adding to its legacy in the world of music.