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Spotify Paid Out $10 Billion to the Music Industry in 2024 — $1 Billion More Than Last Year — and $60 Billion Total
Spotify announced on Tuesday that it paid out $10 billion to the music industry in 2024, $1 billion more than last year, and $60 billion since 2006.
Spotify Pays $10 Billion to Music Industry in 2024 And Nearly $60 Billion Since 2006
As for looking ahead, Spotify expects its premium subscriber base to grow to 260 million and its MAUs to reach 665 million by the end of Q4 2024. The company will report its full earnings for the quarter on February 4, 2025, before the market opens.
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.
Apple Who? Spotify Claims the ‘Highest Annual Payment to the Music Industry’ After Surpassing $10 Billion In 2024, Targets ‘1 Billion Paying Listeners’ Across All Platforms
Just moments after a report indicated that Apple Music pays far better, Spotify is touting the record $10 billion it paid out to the music industry in 2024 – and eyeing a goal of one billion paid subscribers across all on-demand services.
Impacts
7h
How to Get Spotify Free Trial for up to 6 Months (2025 Latest)
Spotify has become one of the leading platforms for music streaming worldwide, offering millions of songs at your fingertips.
Digital Music News on MSN
2d
Björk Says Spotify is ‘Probably the Worst Thing That Has Happened to Musicians’
Björk comments on the world of streaming, calling Spotify “probably the worst thing that has happened to musicians.” Björk is ...
14d
What Spotify took from us by giving us everything
Its great strengths are its interviews with Spotify employees, use of internal Slack messages, and bringing into English for ...
StudyFinds on MSN
9d
How Spotify significantly shapes what you listen to
Discover the key to playlist popularity on Spotify. Find out how prime real estate on the Search Page can revolutionize the ...
CelebrityAccess
1h
How the Ralph Nader of music marketing promotes music
I call Brian Hazard the Ralph Nader of music marketing because he tests strategies and platforms and then shares what works ...
Forbes
1y
REWAVE Announces Digital Music Distribution And Promotion Platform
In addition to distributing
music
, REWAVE also helps promote it. Artists can use personalized
promotion
strategies and get their new releases presented to editorial playlists on
Spotify
...
Variety on MSN
13d
Spotify Cancels Grammy Week Events, Pledges Donations to Los Angeles Wildfire Relief
Spotify has canceled its Grammy week events, including the annual Best New Artist party, and has pledged donations to Los ...
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