Currently, in Europe, the highest royalty rate for music streaming is 0.00084%, whereas the lowest rate can be as low as 0.00048%. In order to make minimum wages in Canada, your song would have to be streamed from 25 to 30 million times. At such rates, it is impossible to make any money. In the case of Paramore, for 1.3 million songs streamed, they got the meagre sum of $36. That gives you an idea of the current situation. At this time, performers cannot make any money with this new technology. However, someone somewhere must be making some.
