In 2023, Spotify paid a record $9bn in streaming royalties, a 167% increase since 2017, benefiting over 66,000 artists.
Spotify paid $9bn in streaming royalties in 2023, marking its highest annual payment to the music industry. This figure represents a 167% increase since 2017. Over 66,000 artists received royalties, with more than half originating from countries where English is not the primary language. Spotify plans to redirect royalties from artists with less than 1,000 annual streams to those with higher streaming numbers, starting in 2024.
March 19, 2024
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