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It's somewhere around $3.5/1k streams - you're not exactly super far off their estimate either, though. It varies a bit based on (listener, or artist?) regions too, I believe.

Snoop's number was $0.045 per thousand plays.

ansc's number was $4 per thousand plays.

Your number is $3 per thousand plays.

It sounds like you basically agree with ansc. While Spotify might be cheap, that cheapness is not the problem Snoop is having.

That's not too far off, is it? 150 * $4 = $600 ≈ $450.

They say: $4 / 1,000 = $0.004 per streamed track.

You say: $450 / 150,000 = $0.003 per streamed track.

The two sets of numbers don't seem so far apart that the discrepancy cannot be explained by rounding errors.