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 paid over $10B US to the music industry last year. How much actually makes it to the artists?
Spotify on Wednesday released further details about its record $10 billion US in royalties in 2024 in its Loud & Clear report. The report comes amid the ongoing debate about how much money artists and songwriters actually receive in royalties and whether it is actually fair.
Spotify says its payouts are getting better, but artists still disagree
Spotify has released its annual Loud & Clear report, detailing information about the music streaming service's royalty payments.
12m artists uploaded music to Spotify last year. Less than 0.6% generated $10,000 or more in royalties
The proliferation of new artists is a good thing, Spotify says, even if it means it’s harder to be discovered.
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 says it paid $10 billion in royalties in 2024
Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Nearly 1,500 artists earned over $1 million in royalties from Spotify last year,
Spotify may be earning more than ever but it's paying out a record $10 billion to rights holders too
Spotify just revealed its Annual Music Report and the streaming giant just had its best year ever, paying out $10 billion to rights holders with more musicians regularly earning their living through Spotify streams and more music millionaires being created than ever before.
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.
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 announces record $10B royalty payouts last year
Spotify (NYSE:SPOT) said it paid $10B in royalties last year, the biggest single-year payout by a company in the history of the music industry, with its yearly payouts to the industry increasing tenfold over the past decade.
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