Spotify says it paid out $10B to the music industry

Spotify (SPOT) has just unveiled this year’s Loud & Clear report, a transparent look at how the streaming economy continues to support artists and fuel the music industry’s explosive growth. Loud & Clear is an annual initiative to demystify how artists earn money through streaming, clarify royalty distribution, and highlight the growing and evolving global music landscape. Music streaming services now boast more than 500 million paying subscribers worldwide, and a future with one billion paying listeners is within reach. In 2024, Spotify alone paid out $10 billion to the music industry-more than any single company has ever contributed in one year. Additionally, this surge in payouts is increasing payouts for artists at all levels.