Spotify says it paid $10 billion to music industry last year

Jan 28, 2025  · Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts since its inception.


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Spotify Says It Paid $10 Billion To Music Industry Last Year

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Jan 28, 2025  · Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts since its inception.

techcrunch.com

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On Our $10 Billion Milestone And A Decade Of Getting The

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Jan 28, 2025  · In 2014, the music industry reached a low point when global recorded music revenues hit $13 billion. Spotify’s annual contribution at the time was around $1 billion, with …

spotify.com

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Spotify Says It Paid $10 Billion To Music Industry In 2024 - Billboard

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Jan 28, 2025  · That amount is 10 times larger than what Spotify paid out to rights holders a decade ago. By Elias Leight Spotify paid $10 billion to music rights holders in 2024, according …

billboard.com

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Spotify Paid Out $10 Billion To The Music Industry In 2024 - Variety

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Jan 28, 2025  · 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.

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Spotify Says That Streaming Has Made The World ‘value Music’

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Jan 28, 2025  · On Tuesday, the streaming giant announced that it paid out $10 billion to the music industry in 2024, with total contributions reaching almost $60 billion since its founding in 2006 …

theverge.com

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Spotify Announces It Paid Out $10 Billion To Music Industry In 2024

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Jan 29, 2025  · Spotify announced on Tuesday that it had paid out $10 billion USD (about $14.4 billion CAD) to the music industry in 2024, contributing nearly $60 billion USD (roughly $86.5 …

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Spotify Paid Out $10 Billion To The Music Industry In 2024 - A Full ...

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Jan 28, 2025  · Spotify is due to publish its Q4 2024 financial results next week, so it will be a few days before we can calculate the exact percentage of the company’s annual revenues it paid …

musicbusinessworldwide.com

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Spotify Says It Paid $10 Billion To Music Industry In 2024 - The Wrap

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Jan 28, 2025  · In comparison, only 10,000 artists generated at least $10,000 per year back in 2014, when Spotify contributed around $1 billion to the music industry with around 15 million …

thewrap.com

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Spotify Sets Record $10 Billion Payout To Music Industry In 2024

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Jan 28, 2025  · Spotify sets record $10 billion payout to music industry in 2024 ... specialist paid out a record $10 billion to the music industry. ... 10,000 artists generated at least $10,000 per …

techspot.com

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Spotify Shares Pop 10% After Company Reports First Profitable Year

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3 days ago  · Spotify shares climbed 10% after the music streaming company recorded its first full year of profitability. The company said it paid a record $10 billion in royalties to the music …

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Spotify Paid Out $10 Billion To The Music Industry In 2024

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Jan 28, 2025  · In a new report published by Spotify’s VP and Head of Music, David Kaefer, he says the streaming giant paid out $10 billion to the music industry in 2024, and has paid out …

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Spotify Says It Paid Out $10B To The Music Industry In 2024 - MSN

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The streaming audio giant said Tuesday that it paid out $10 billion to the music industry in 2024, a new record high. And it has paid out a collective $60 billion since its founding a decade ago.

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Spotify Paid Out US$10 Billion To The Music Industry In 2024

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Jan 29, 2025  · The Spotify exec points to the dark days of 2014, when, after a long, slow decline, the downloads business was atrophying, CDs were largely unwanted, and the music business …

themusicnetwork.com

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Spotify Has Paid $10 Billion To The Music Industry By 2024

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Jan 30, 2025  · From this figure as well, Spotify shares over 10,000 artists who generate over $100,000 per year through Spotify alone. Moving forward, Spotify says it has reached 1 billion …

technave.com

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Spotify Paid The Music Industry $10 Billion In 2024

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Jan 28, 2025  · Spotify said today that it paid out a record $10 billion to the music industry last year, bringing its total payments to over $60 billion. It paid $9 billion in 2023, then a record.

thurrott.com

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Spotify Paid Out $10 Billion To The Music Industry For 2024

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Jan 28, 2025  · The streaming service says that there are now "well over 10,000 artists" that make at least $100,000 per year from Spotify alone. ... in 2024 it paid $10 billion to the music …

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Spotify Royalties Topped A Record $10 Billion In 2024, Exec Says

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Jan 28, 2025  · The former Microsoft higher-up also stressed Spotify’s almost $60 billion cumulative industry payout and pointed to the “well over” 10,000 artists who generated north of …

digitalmusicnews.com

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Spotify Claims Record Payout To Music Industry After Refuting That ...

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Jan 28, 2025  · In 2024, Spotify alone paid out a record $10 billion to the music industry — totaling nearly $60 billion since our founding. For a lot of people, those numbers might go in one ear …

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Spotify Paid A Record $10 Billion To The Music Industry In ... - Gizbot

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Jan 29, 2025  · A deeper dive into the figures reveals that 1,250 artists earned over $1 million, while 60 artists surpassed the $10 million mark solely through Spotify in a year. Music …

gizbot.com

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Spotify Says It Paid $10 Billion To Music Industry Last Year

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Jan 28, 2025  · Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts …

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Spotify Paid $10 Billion To Music Industry In 2024 And Nearly $60 ...

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Jan 30, 2025  · In a recent blog post, David Kaefer, Spotify’s VP and Head of Music, shared some groundbreaking insights into the company’s progress over the last decade. With a payout of …

musiccustodian.com

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Spotify Paid $10 Billion To Music Industry - ABC Columbia

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Jan 29, 2025  · (CNN)– Spotify says it paid $10 billion to the music industry last year. That is a billion more than the streaming service paid out the previous year. It brings the grand total up …

abccolumbia.com

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Spotify Says It Paid $10 Billion To Music Industry Last Year

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Jan 29, 2025  · Spotify says it paid $10 billion to music industry last year 2025-01-29 - AUDIO streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. …

pressreader.com

FAQs about Spotify says it paid $10 billion to music industry last year Coupon?

How much did Spotify pay out to the music industry in 2024?

With the Grammy Awards looming, Spotify wants to remind the industry that it has been at the forefront of its renaissance. The streaming audio giant said Tuesday that it paid out $10 billion to the music industry in 2024, a new record high. And it has paid out a collective $60 billion since its founding a decade ago. ...

How much money does Spotify pay to the music industry?

Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts since its inception. This is another effort from Spotify to dispel reports that the company doesn’t reward artists properly for their work. ...

Why did Spotify shares rise 10% in 2024?

Spotify shares climbed 10% after the music streaming company recorded its first full year of profitability. The company said it paid a record $10 billion in royalties to the music industry in 2024. ...

Is Spotify on track to achieve its first full year of profitability?

“Everyone’s invited.” In November, Spotify reported it was on track to achieve its “first full year of profitability” and had €4 billion (about $4.1 billion) in total revenue for the preceding three months — a 19 percent increase from the same quarter a year earlier. Next week, it will report earnings for the entirety of 2024. ...

Why did Spotify shares rise 10% Tuesday?

Spotify shares climbed 10% Tuesday after the music streaming company recorded its first full year of profitability, closing the fiscal year with 1.14 billion euros in net income. Here are the numbers from their fourth-quarter earnings report: ...

Did Spotify save the music industry from a 15-year tailspin?

In Tuesday’s announcement, Spotify VP of music business David Kaefer notes just how far the industry has come since streaming essentially saved it from a 15-year tailspin of illegal downloading. “In 2014, the music industry reached a low point when global recorded music revenues hit $13 billion,” he writes. ...

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