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Spotify paid out a record $10 billion
Spotify Paid Out $10 Billion to the Music Industry in 2024 - $1 Billion More Than Last Year - and $60 Billion Total
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
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 paid out $10 billion to the music industry in 2024 – a full $1bn more than in 2023
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
Amazon Music Unlimited Price Hike
Amazon Music Unlimited pulls a Spotify, hikes individual and family pricing
Amazon Music Unlimited individual and family plans now cost more. Here’s how much you’ll have to pay to access the streaming service.
Amazon Music Unlimited Price Hike: Here's How Much Plans Now Cost
Amazon Music Unlimited just got more expensive for customers with and without a Prime membership. Amazon on Wednesday increased the price of the music streaming service's Individual and Family plans.
Amazon Music Unlimited Prices Increase in U.S., U.K. and Canada
Amazon Music raised prices for Unlimited subscribers in the U.S., U.K. and Canada, matching Spotify by raising its individual plan to $11.99 a month.
7h
on MSN
Spotify Faces Boycott Calls Over Royalties, Trump Inauguration Donation
The calls on social media came after concerns were raised over artist royalties and the platform donated to the Trump inauguration.
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on MSN
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 ...
1d
on MSN
Spotify Wins Lawsuit Over Bundling Royalties
Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its ...
1d
Spotify’s $10 Billion Milestone and a Decade of Getting the World to Value Music
In 2014, the music industry reached a low point when global recorded music revenues hit $13 billion. Spotify’s annual ...
1d
on MSN
Spotify Wins Lawsuit Over Bundling Controversy That Lowered Payments to Songwriters
Spotify won a lawsuit filed against the company last year after Spotify began to pay songwriters less after bundling music with audiobooks.
3h
Riffusion’s free AI music platform could be the Spotify of the future
Riffusion launches a free AI music generation platform that creates original songs from text and audio prompts, challenging tech giants with personalized learning features and backing from The ...
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on MSN
Universal Music Shares Jump After Agreement With Spotify
The deal establishes a direct license between Spotify and Universal Music across the streaming subscription service’s current ...
2d
on MSN
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 ...
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