Spotify reported paying $10 billion in royalties to artists in 2024, highlighting a decade of growth. Annual payouts have increased tenfold since 2014, with over 12,500 artists earning more than $100,000 last year. Global recorded music revenues from streaming have more than doubled since then, reaching $28 billion. Notably, 80% of artists earning over $1 million did not chart in Spotify's Global Daily Top 50. The rise of multilingual music has also expanded, with thriving artists in 50 languages reaching significant royalty thresholds, emphasizing the diversity in music consumption.
In 2024, Spotify paid $10 billion in royalties to artists, with significant growth in the music industry, showcasing its evolution over the past decade.
Spotify's yearly payouts have increased tenfold since 2014, with over 12,500 artists earning more than $100,000 in royalties last year.
Collection
[
|
...
]