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Spotify Paid Music Industry $10 Billion in 2024
Spotify says it paid $10 billion to music industry last year
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.
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 exclusive club that made it difficult for new artists to enter the industry. “Now, you can record something today and have it on Spotify tomorrow,” said Kaefer. “Everyone’s invited.”
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.
Spotify, Universal Music Group
Universal Music Group and Spotify strike massive deal to grow business
Universal Music Group and Spotify join forces to seal a massive deal that could forever change the future of the music business.
Universal Music Shares Jump After Agreement With Spotify
The deal establishes a direct license between the companies across Spotify’s current product portfolio in the U.S. and beyond.
Universal, Spotify ink multi-year deal
Universal, Spotify ink multi-year deal Universal Music Group, the world's largest music company, and streaming behemoth Spotify on Sunday announced a multi-year direct deal that will affect both recording and publishing royalty rates.
2d
Spotify and Universal Unveil Far-Reaching Deal That Improves ‘Bundling’ Payment Structure
Spotify and Universal announced a new deal that sources say improves the payment structure for the streamer's controversial ...
17h
Spotify Paid the Music Industry $10 Billion in 2024
Spotify said today that it paid out a record $10 billion to the music industry last year, bringing its total payments to over ...
soapcentral on MSN
20h
Spotify and UMG sign major deal for superfan tiers, but users are skeptical – "Can’t wait to see the price increases!"
Spotify and Universal Music Group (UMG) just slid into a major multi-year collab, and it’s about to shake up the music ...
1d
Spotify General Counsel Eve Konstan Announces Exit
Spotify's general counsel Eve Konstan will exit the streaming company on Friday (Jan. 31), she announced in a LinkedIn post.
6d
Spotify’s educational courses could be coming to US
Spotify is expanding its streaming service to now include educational courses in addition to music, podcasts, and audiobooks.
6d
on MSN
Spotify wants to take on YouTube in podcasts. Here's how the platforms stack up.
Spotify is looking to land more video creators. Its head of content partnerships shared how the platform is taking on podcast ...
1d
on MSN
Joe Rogan and ‘Crime Junkie’ Both Top 500 Million All-Time Streams on Spotify, Leading Inaugural Podcaster Milestone Awards (EXCLUSIVE)
Joe Rogan and 'Crime Junkie' both have more than 500 million all-time streams on Spotify, topping its inaugural Creator ...
13h
Spotify Paid $10 Billion to the Music Industry in 2024
The streaming service set yet another record for the highest annual payment to the music industry from any single retailer ...
Daily Post Nigeria on MSN
34m
‘I’ll be out of debt in no time’ – Bruno Mars vows after breaking Spotify record
American singer Bruno Mars has expressed excitement after hitting a new milestone on Spotify. O7, Mars became the first ...
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