Spotify Says It Paid Out $10B to the Music Industry in 2024
With the Grammy Awards looming, Spotify wants to remind the industry that it has been at the forefront of its renaissance. The streaming audio giant said Tuesday that it paid out $10 billion to the music industry in 2024, a new record high. And it has paid out a collective $60 billion since its founding a decade ago.
Spotify says that streaming has made the world ‘value music’
Spotify wants to see 1 billion people paying for streaming music, double the more than 500 million customers who currently subscribe to Spotify and its competitors. In Spotify’s view, artists are lucky to have streaming services,
Spotify maintains it's paying musicians a lot, actually
Sure, a decent chunk of that did go to the artists—the release states that “well over 10,000 artists generate over $100,000 per year from Spotify alone”—but it seems to suck for most of those beneath the Bad Bunnys and Taylor Swifts of the world.
Spotify Paid a Record $10 Billion to the Music Industry in 2024: Here’s a Look at Artists’ Earnings Last Year
Currently, Spotify boasts over 10,000 artists earning more than $100,000 annually from the platform. A deeper dive into the figures reveals that 1,250 artists earned over $1 million, while 60 artists surpassed the $10 million mark solely through Spotify in a year.
Spotify says it paid $10 billion to music industry last year
Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts since its inception. This is another effort from Spotify to dispel reports that the company doesn’t reward artists properly for their work.
Apple Music still pays artists twice as much as Spotify
Compared to Spotify, Apple Music is one of the better-paying platforms for artists. Here's the payment difference between the streamings.
Spotify paid out $10 billion to the music industry in 2024 – a full $1bn more than in 2023
Subscription music streaming changed the fortunes of the record industry over the past decade. That’s the message from David Kaefer, Spotify’s VP of Music Business, in a blog
Spotify claims record payout to music industry after refuting that Apple Music pays artists more
Five days ago, Spotify disputed a report that Apple Music pays artists more than double compared to Spotify’s average rates. In completely unrelated news, Spotify has published a blog post announcing record payouts to the music industry in 2024.
Spotify Paid Out $10 Billion to the Music Industry in 2024 — $1 Billion More Than Last Year — and $60 Billion Total
Spotify announced on Tuesday that it paid out $10 billion to the music industry in 2024, $1 billion more than last year, and $60 billion since 2006.
Apple Who? Spotify Claims the ‘Highest Annual Payment to the Music Industry’ After Surpassing $10 Billion In 2024, Targets ‘1 Billion Paying Listeners’ Across All Platforms
Just moments after a report indicated that Apple Music pays far better, Spotify is touting the record $10 billion it paid out to the music industry in 2024 – and eyeing a goal of one billion paid subscribers across all on-demand services.
Spotify and Universal Unveil Far-Reaching Deal That Improves ‘Bundling’ Payment Structure
Spotify and Universal announced a new deal that sources say improves the payment structure for the streamer's controversial ...
Universal Music And Spotify Partner To Boost Artist Earnings And Innovate Streaming Experience
Universal Music Group and Spotify announced multi-year deals to advance streaming innovation, benefit artists, songwriters, ...