Spotify's Loud&Clear report says a larger number of artists getting a big payout
In January Spotify revealed it paid $10 billion in royalties to artists in 2024 alone, and today, the company shed more light on the data. The yearly payouts to the music industry have increased tenfold since 2014, with over 12,500 artists generating over $100,000 in royalties last year. Spotify said that a lot has changed in the past decade. The global recorded music revenues from streaming in 2014 were $13 billion, $1B of which was contributed by the Swedish company. Since then, revenue has more than doubled to $28 billion in 2023, with over 500 million paying listeners across all...
In January Spotify revealed it paid $10 billion in royalties to artists in 2024 alone, and today, the company shed more light on the data. The yearly payouts to the music industry have increased tenfold since 2014, with over 12,500 artists generating over $100,000 in royalties last year. Spotify said that a lot has changed in the past decade. The global recorded music revenues from streaming in 2014 were $13 billion, $1B of which was contributed by the Swedish company. Since then, revenue has more than doubled to $28 billion in 2023, with over 500 million paying listeners across all...
