(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.
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, ...
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.
Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006.
Spotify paid a record $10 billion in royalties in 2024, with indies earning over $5 billion and songwriter payouts at new ...
Spotify announced earlier this year that it paid out a record $10 billion-plus to the music industry in 2024, bringing its ...
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