US EditionSpotify 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 paid over $10B US to the music industry last year. How much actually makes it to the artists?
Spotify on Wednesday released further details about its record $10 billion US in royalties in 2024 in its Loud & Clear report. The report comes amid the ongoing debate about how much money artists and songwriters actually receive in royalties and whether it is actually fair.
·Canada
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Spotify Paid Over $4.5 Billion to Music Publishers Over the Last Two Years, So Why Are Songwriters Struggling?
Spotify paid $10 billion to the music industry last year, with $4.5 billion to publishers across 2023-24. So why are songwriters still struggling?
·Los Angeles, United States
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