Spotify paid record $10 billion to artists last year

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Updated Wed, Mar 12, 2025, 2:12 AM

STORY: Spotify says it paid a grounds $10 cardinal successful royalties to artists successful 2024.

The streaming elephantine said that was the largest ever payout to the euphony manufacture successful a azygous year.

Of that total, astir 1,500 artists earned implicit $1 cardinal successful royalties.

The Swedish steadfast said its payouts had risen 10 times from conscionable $1 cardinal successful 2014.

Last year, Spotify was deed with a U.S. suit accusing it of underpaying songwriting royalties for tens of millions of songs.

A national justice successful New York past ruled to disregard that suit this year.

Spotify precocious signed multi-year deals with large labels including Warner Music and Universal Music.

Chief Executive Daniel Ek said the institution would present personalised offerings, including a premium tier called “superfans of music”.

The steadfast forecast it would deed 678 cardinal monthly progressive users implicit the archetypal quarter.