Spotify Paid Out $10 Billion to the Music Industry in 2024
Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006. The company made the announcement in a blog post Tuesday morning.
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 rights-holders, usually a label and music publisher, which then distr...
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