Spotify says it paid $10 billion in royalties in 2024 — but only 4% of its artists make a living
The music-streaming giant has long been the target of criticism from artists about paltry payments, but said it doled out record royalties last year.
Spotify Distributed $10 Billion In Music Royalties In 2024: Details
Spotify reached a new milestone, paying $10 billion in royalties to the music industry, a tenfold increase over the past decade. This growth benefits both major streaming services and artists, fostering greater diversity and global exposure,
Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams
Spotify wrote in its annual Loud and Clear Report that nearly 1,500 artists generated over $1 million in royalties in 2024.
Spotify Paid Over $4.5 Billion to Music Publishers Over the Last Two Years, So Why Are Songwriters Struggling?
Spotify announced earlier this year that it paid out a record $10 billion-plus to the music industry in 2024, bringing its total to nearly $60 billion since its inception in 2006. The company - the world’s largest paid music-subscription service by a wide margin - maintains that it pays out 70% of every dollar it
Spotify paid out a record £7.7bn in royalties in 2024
Spotify paid the music industry $10bn (£7.7bn) in 2024, which the streaming service said was the highest annual payment from any single retailer in history. But the figures come as a heated debate continues about how much money artists and songwriters receive in royalties.
Spotify tries to defend its artist payout rates
It's no secret that Spotify isn't a big money maker for most artists. But, in its annual Loud & Clear report, the music streamer is trying to change the narrative, reiterating an earlier claim that it paid artists $10 billion in 2024 ($60 million since launching) and adding that these payments increased tenfold over the last 10 years.
Spotify paid record $10 billion to artists last year
Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Julian Satterthwaite reports. The scientists trying to save the fewer tha
Spotify says it paid $10bn in royalties last year amid artist criticism
Spotify says it paid more than $10bn in royalties to the music industry last year, as it seeks to counter criticism from recording artists that it has failed to share the bounty of the streaming era.
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Spotify Founders Pocket $1 Billion Selling Booming Tech Stock
(Bloomberg) -- Spotify Technology SA’s founders recently pocketed about $1 billion from selling the audio-streaming giant’s stock as they increasingly build up investments outside the company.
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Spotify paid out $10 billion to the music industry for 2024
Spotify itself has 252 million subscribers or so. However, the company thinks that reaching 1 billion paid subscribers across all services is doable in the near future.