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Spotify Pays $10 Billion in Record Royalties for 2024

3/13/2025

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Summary

Story summary

In a groundbreaking move, Spotify revealed it disbursed a staggering $10 billion in royalties in 2024, a record for the music industry. This generous payout saw nearly 1,500 artists each earning over $1 million, a remarkable leap from just $1 billion in 2014. Meanwhile, a federal judge dismissed a lawsuit claiming underpayment of songwriting royalties, clearing the air for the streaming giant.

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Story summary

In a groundbreaking move, Spotify revealed it disbursed a staggering $10 billion in royalties in 2024, a record for the music industry. This generous payout saw nearly 1,500 artists each earning over $1 million, a remarkable leap from just $1 billion in 2014. Meanwhile, a federal judge dismissed a lawsuit claiming underpayment of songwriting royalties, clearing the air for the streaming giant.