That's if their catalogue is sold as part of a distributor's bundle to Spotify and once you've taken out their cut, the label's cut, any % for producers etc etc.
In my own music, I license to them directly and the figure I was given from them was roughly $10 per 1000 streams, which is still frankly insulting. Music is not even a commodity anymore, it has no value. I know personally a guy who had 2 million streams last year under the arrangement I described above and got a cheque for less than $2,000.