Internet Money: Ranking the Revenue of the Highest Earning Songs

Internet Money: Ranking the Revenue of the Highest Earning Songs

There may be a thousand different ways to get paid with a phrase, but which phrase most pays? In a way, this is the fundamental question in the music industry: what songs make money? That is literally the million-dollar question that drives the industry. If everyone knew the answer, everyone would be doing it, or everyone in music would be at least a millionaire.

Of course this is not the case.

That doesn’t stop anyone from trying. Every artist, producer, and label is listening closely to what fans like, what people actually listen to, constantly trying to find the perfect beat, the rhyme to get paid in full. And what fans like is not necessarily what artists like or produce. Some songs also seemed destined for fame, but even the trendiest, or realest, song with all the right ingredients, from name recognition and production to promotion, may not sell. Meanwhile, SoundCloud tracks with no prior name recognition or promotion can ignite the charts on voice and production alone.

The worst is when artists and other music industry insiders simply do not know what fans are listening to, or what is actually selling. Raw assumption is simply not a good enough gauge, and many sources, even those that seem the most reliable, turn out to be misleading. That is unfortunate for artists because it can sometimes be hard to obtain the accurate, reliable, and trusted data that they need. With that data, artists can correctly discern what is most likely to find an ear, based on comprehensive rankings of what people in fact listen to on a daily basis. Luckily artists now have Music Maven.

Music Maven’s proprietary technology provides the most current and accurate data on the performance of all artists and songs in daily music charts, which allows them to make the best decisions about what to record and release, based a proven track record of what listeners in fact listen to.

According to Music Maven’s charts, Cardi B’s “WAP,” featuring Megan Thee Stallion is still the Highest Earning Song, and it continues to make at least $10K each day. Powered by its music video, “WAP” reached $10K the second day after its release on August 7. Except for its third and fourth day out, it has made over $10K every single day this month. It peaked at $12.6K on Saturday, August 15, and made $11.3K on Saturday, August 29. It is also still the Most Streamed Song in the country, with 4.2M streams.

In most cases, the Most Streamed Songs are also the Highest Earning Songs, but Music Maven’s Revenue Rank accounts for streams as well as digital downloads, so the ranks are not identical, and streams are not always the most accurate measure of revenue. Sometimes it is best to only consider revenue, as this article does, to know what sells.

The second Highest Earning Song is Drake’s “Laugh Now Cry Later,” featuring Lil Durk. It made almost $11K on its first day out, August 14, and is now at $7.3K a day.

This is followed by songs that by artists might not be immediately known to industry insiders, like 24kGoldn, who has risen through SoundCloud. His latest hit, “Mood,” featuring Iann Dior, released in July, is now third in Revenue Rank, with $6.1K per day. The song was not in the top 200 until August 8, when it hit 198th, and only made $956 that day. By August 11, the song had broken the top 100, at 59th in revenue, with $1.6K that day. It entered the top 20 on August 13, doubled its daily revenue to $2.4K, and kept picking up momentum. It entered the top 10 on August 18, with $3.7K, and the top 5 the next day, with $4K. The song has only gotten more popular toward the end of the summer, and has been the third Highest Earning Song since most of last week. This is the best example today of a song with very little initial name recognition or promotion, that has unexpectedly soared anyway, thanks to SoundCloud, TikTok, and finally Spotify.

Fourth is Calvin Harris’s “Over Now,” featuring The Weeknd, which debuted at fourth Highest Earning, with $4.8K, on the strength of $1.8M streams and digital downloads. Fifth is the late Pop Smoke’s “For The Night,” featuring Lil Baby and DaBaby with $4.7K.

This all looks different than the Highest Earning Artists, the late Juice WRLD, whose estate is now taking in $30.7K a day; Pop Smoke, whose estate is now taking in a daily $17.5K; Cardi B, third at $11.3K, almost purely from “WAP”; Drake, at fourth with $11.2K, mostly from his recent singles; and Taylor Swift at fifth with $10.2K.

Sixth at $9.2K is the collective artist whose name most fits this article’s theme: Internet Money. Internet Money is an international collective co-founded by producers Taz Taylor and Nick Mira that has also risen through platforms like SoundCloud. Their members have produced sensations like Juice WRLD’s smash hit “Lucid Dreams,” which has now been streamed $1.3 billion times on Spotify, making it one of the most streamed on the platform. Internet Money released an album, B4 The Storm, on August 28.

That album is responsible for bringing Internet Money toward the top of the charts, with 3.5M streams. Internet Money has made most internet money on two songs, “Lemonade,” featuring Gunna, Don Toliver, and NAV, twelfth with $3.5K, and “Blastoff,” featuring Juice WRLD and Trippie Redd, with $3.3K.

Internet Money is the only artist at the top named after its purpose, making money on the internet with music. Music Maven proves that other artists make more internet money, in both song and artist ranks, but Internet Money provides theme to consider the industry’s fundamental question: what music makes money on the internet?

By Vince, August 30, 2020