The Wizkid’s fourth studio album “Made In Lagos” was released last October, and the Afrobeats project has been a critical and commercial success thus so far.
The WizKid Team announced on March 30, 2021, that the album had received over 421,000,000 streams across major streaming platforms, officially five months after its release.
That number is one of the highest we’ve ever seen in the Nigerian music industry, and it had a lot of people asking how much money the Starboy would make from it.
Since the album was released during a global pandemic, no physical copies were available. WizKid has also been unable to tour in support of the record.
Essentially, this means that if he wants to profit from the album’s release, he’ll have to depend on the mechanical royalties charged by streaming platforms.
Based on pay-per-stream data gathered from different outlets, here’s a detailed rundown of WizKid’s estimated income from his 421M streams.
Different sites pay artists different amounts as royalties, based on metrics that are only known to them. However, there is a payment scale that we can deal with here. Let’s take a look at the most popular channels.
YouTube pays out in two ways: one for videos and one for YouTube Music. YouTube pays a pittance on average of $0.00069 per stream for videos, but it can pay as much as $0.006 or even more for YouTube Music.
Wizkid had over 79,000,000 YouTube streams as of last month. Music videos for songs like “Smile,” “No Stress,” and the newly released “Essence” have produced approximately 33,000,000 views. The remaining 46,000,000 will be allocated to audio streams and YouTube Music.
Video Metrics $0.00069 x 33M = $22,770
Audio Metrics $0.0067 x 46M = 310, 960
On Apple Music
This channel has generated the most streams for Wizkid. Apple Music also pays $0.006 per stream on average. This means Wizkid could earn up to $745,140 from the 124,190,000 streams Made in Lagos received on Apple Music.
On Spotify, Wizkid is still the most-streamed Nigerian artist. As of last month, Made in Lagos had over 78,060,000 streams on the website. WizKid would receive an estimated $249,792 from the network, based on the average pay of $0.032.
Currently, AudioMack is the most popular platform in Nigeria. They pay about $10 for every 5000 streams, according to some reports.
That is, WizKid could receive $246,200 from MIL’s 123,100,000+ sources.
While there is no official information on how much Boomplay pays per stream, based on AudioMack’s average pay, WizKid may receive about $40,000 from Boomplay.
What Is the total earning the celebrity Wizkid has made so far on these streaming platforms?
Other websites exist, such as Tidal and Pandora, but we’ll leave them out for now because we don’t have any details on them.
In addition, the streams we calculated were those uploaded by Wizkid’s team at the end of March 2021. Since then, there has been a noticeable rise in the number of streams.
Now that that’s out of the way, if you add it up, Made in Lagos would have made $1,614,862 in the first five months of its release.
WizKid’s Made In Lagos has made an estimated N615,262,422 when converted into Naira using the official N381 rate.
Using the black market rate of N478, Made in Lagos’ projected income will be about N771,904,036. This is fucking much money Wizkid
Going by this standard metric Do You Think WizKid Is Now Nigeria’s Wealthiest Artist?
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