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Spotify says it paid $10bn in royalties last year amid artist criticism

  • Spotify reported that it paid a record $10 billion in royalties to the music industry last year, surpassing all other streaming services.
  • Artists earning at least $100,000 recorded music in more than 50 languages, while those earning over $1 million recorded in 17 languages.
  • Despite the payouts, more than half of the 225,000 recording acts on Spotify do not earn enough to make a living, according to Spotify.
  • The report highlighted that the number of artists generating royalties has tripled since 2017.
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Spotify says it paid $10 billion in royalties in 2024

Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year.

·United Kingdom
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Financial Times broke the news in London, United Kingdom on Wednesday, March 12, 2025.
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