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

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

Subscription music streaming changed the fortunes of the record industry over the past decade. That’s the message from David Kaefer, Spotify’s VP of Music Business, in a blog

Music service Spotify says it paid out $10bn to the music industry in 2024, taking its lifetime payments to nearly $60bn.

The figure brings the music streaming giant's total contribution since its founding in 2006 to nearly $60 billion

(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.

Accumulatively, the digital music specialist has paid out nearly $60 billion to its content providers since its commercial launch.

Spotify has announced a record-breaking $10 billion payout to the music industry in 2024, marking the highest annual figure in its history. However, this

Sure, a decent chunk of that did go to the artists—the release states that “well over 10,000 artists generate over $100,000 per year from Spotify alone”—but it seems to suck for most of those beneath the Bad Bunnys and Taylor Swifts of the world.