How much are artists really making on Twitch? - Water & Music

From a revenue perspective, success is much less about an artist capitalizing on their existing audience size elsewhere, and more about an artist engaging consistently over a long period of time.

the top gamer on the platform makes ~10x more money from direct payouts per year than the top music artist on the platform.

The music livestreaming economy undeniably favors independent artists — but it’s really challenging to make a sustainable living from livestreaming, with a power law that still sees the top 1% commanding the majority of revenue.