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

Looks like 2024 was a major year for streaming; Spotify reported that 1,500 artists generated over $1 million each in royalties last year.

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.

The proliferation of new artists is a good thing, Spotify says, even if it means it’s harder to be discovered.

Taylor Swift’s earlier concerns about streaming royalties take a turn as Spotify announces record-breaking payouts

Spotify has released its Loud & Clear breakdown for 2024, when 1,450 artists are said to have generated (but not necessarily pocketed) over $1 million in combined recording and publishing royalties from on-platform streams.