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Spotify Paid Music Industry $10 Billion in 2024
Spotify says that streaming has made the world ‘value music’
Spotify wants to see 1 billion people paying for streaming music, double the more than 500 million customers who currently subscribe to Spotify and its competitors. In Spotify’s view, artists are lucky to have streaming services,
Spotify Says It Paid Out $10B to the Music Industry in 2024
With the Grammy Awards looming, Spotify wants to remind the industry that it has been at the forefront of its renaissance. The streaming audio giant said Tuesday that it paid out $10 billion to the music industry in 2024, a new record high. And it has paid out a collective $60 billion since its founding a decade ago.
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.
10h
Spotify GC Steps Down, Opts to 'Step Away from Full-Time Corporate Life'
"This marks the end of a chapter that’s been filled with unforgettable experiences and immense personal growth," Eve Konstan ...
11h
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 ...
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 ...
soapcentral on MSN
14h
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
on MSN
New Spotify and UMG deal could create pricier ‘superfan’ subscription
UMG chairman and CEO Sir Lucian Grainge called the agreement “precisely the kind of partnership development” the company ...
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 ...
11h
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 ...
13h
Spotify paid out $10 billion to music industry in 2024
In a new open letter, Spotify have revealed they paid out $10 billion to the music industry in 2024 which is a billion more ...
1d
on MSN
Universal Music Shares Jump After Agreement With Spotify
Shares in Universal Music Group rose after the music label said it signed a multiyear agreement for recorded music and music ...
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