Spotify Says It Paid Out $10B to Music Industry in 2024

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 reveals $10bn of music industry payouts in 2024
Music service Spotify says it paid out $10bn to the music industry in 2024, taking its lifetime payments to nearly $60bn.
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 Paid the Music Industry $10 Billion in 2024
Spotify said today that it paid out a record $10 billion to the music industry last year, bringing its total payments to over $60 billion.
Spotify’s playlists have altered the music industry in unexpected ways
Novelty suffers, too. By one estimate nearly three-quarters of streamed songs are over 18 months old. Compared with the raucous explosion of genres that characterised popular music until the 2000s— hip hop in all its iterations, the innovation of golden-era British dance music—contemporary music can seem oddly flat.
Spotify Paid out US$10 Billion to the Music Industry In 2024
Accumulatively, the digital music specialist has paid out nearly $60 billion to its content providers since its commercial launch.
Spotify says paid out $10B to music industry in 2024
In a blog post, Spotify (SPOT) says it paid out $10B to the music industry in 2024, up from $9B in 2023, taking its total to nearly $60B since
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