What does platinum mean in record sales?

What does platinum mean in record sales?

1 million
Because a gold, or platinum — or, better still, multiplatinum — record means financial success. These awards, given by the Recording Industry Association of America (RIAA), represent huge sales — 500,000 albums for gold, 1 million for platinum, 2 million or more for multiplatinum.

What does platinum recording artist mean?

Going platinum is a music industry term used to describe a single or album that sells one million copies or more.

Is platinum better than diamond in record sales?

The award levels are Silver (20,000+), Double Silver (40,000+), Gold (75,000+), Double Gold (150,000+), Diamond (200,000+), Platinum (400,000+) and Double Platinum (800,000+).

What is a platinum record worth?

On Amazon Music, you would get $4,020. Bump that up to a platinum single (recognised as 150,000,000 streams by the Recording Industry Association of America) and here are the numbers; Youtube nets you $103,500, Spotify nets you $655,500, and Apple Music nets you $1,102,500.

How many record sales is platinum?

1,000,000 sales
In order to get to that reckoning, the RIAA has created a new formula: 1,500 streams is now the official equivalent of ten single track sales or one album sale. (Gold status is awarded after the equivalent of 500,000 sales; platinum, on 1,000,000 sales.)

How many streams does a song need for platinum?

The Recording Industry of America (RIAA) says 1,500, which means a Platinum Award requires a mere 1.5 billion streams. Most sectors of the music industry have developed their approaches to acknowledge the digitization of music and the importance of music streaming.

How many album sales is platinum?

1 million copies
In the United States, platinum certification means that an album has sold 1 million copies or that a single has sold 2 million copies.

How does an artist go platinum?

In order to get to that reckoning, the RIAA has created a new formula: 1,500 streams is now the official equivalent of ten single track sales or one album sale. (Gold status is awarded after the equivalent of 500,000 sales; platinum, on 1,000,000 sales.)

What’s higher than platinum record?

Gold Record Awards were established by the RIAA in 1958. Platinum Awards were added in 1976, multi-platinum awards in 1984 and diamond awards in 1999.

What’s a diamond album?

It’s worth celebrating whenever we get a brand new, RIAA-certified diamond-selling album — indicating sales (and streaming equivalent sales) of ten million units — because for a while, it looked like we might never get another one again.

How many streams is one sale?

A: For songs, all official audio and video streams from within the US are counted in addition to pure single sales. 150 streams = 1 track sale. For albums, all official audio and video streams (SEA) from within the US are counted in addition to TEA and pure sales. 1500 streams = 10 track sales = 1 album sale.

How many sales is Diamond?

10,000,000
RIAA GOLD & PLATINUM AWARDS

Certification Minimum Units Date Established
Gold® 500,000 1958
Platinum® 1,000,000 1976
multi-Platinum® 2,000,000 (in increments of 1,000,000 thereafter) 1984
Diamond® 10,000,000 and counting 1999