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Spotify Paid Out $10 Billion to the Music Industry
Spotify Paid Out $10 Billion to the Music Industry in 2024 - $1 Billion More Than Last Year - and $60 Billion Total
While that figure may seem questionable considering how little many musicians make from streaming, it's important to bear in mind that Spotify (like most streaming services) pays
Spotify paid $10 billion to music industry
(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 to $60 billion since Spotify started in 2006. One caveat is artists do not necessarily see all of that money.
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.
17h
How Spotify’s playlists changed the culture of listening
Streambait? Spotify-core? The Swedish streaming giant has birthed genres that a new book argues has taken the edge off modern ...
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 ...
4h
Spotify Technology SA (SPOT) Receives a Buy from Morgan Stanley
Morgan Stanley analyst Benjamin Swinburne maintained a Buy rating on Spotify Technology SA (SPOT – Research Report) today and set a price ...
5d
on MSN
Swifties spiral after Taylor Swift’s ‘Reputation’ and debut albums were removed from Spotify
Fans theorized that the “Tortured Poets Department” singer could be planning to finally release the highly-anticipated ...
1d
on MSN
Spotify says that streaming has made the world ‘value music’
In the blog, humbly titled “Getting the world to value music,” Kaefer describes the pre-streaming era of music as an ...
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