Spotify announced on Tuesday that it paid out $10 billion to the music industry in 2024, $1 billion more than last year, and ...

Why it matters: Spotify is now worth more than twice as much as Universal Music Group, home to artists including Taylor Swift and Drake ... was a loss of over $1 billion. Between the lines ...

In comparison, only 10,000 artists generated at least $10,000 per year back in 2014, when Spotify contributed around $1 billion to the music industry with around 15 million subscribers as global ...

Languages: English, Greek, Spanish. Drake will not continue legal action against Spotify and Universal Music Group following his public spat with Kendrick Lamar. The Canadian rapper sued the music ...

In 2014 when the industry hit a low of just $13 billion in global revenue, Spotify had around 15 million subscribers and contributed roughly $1 billion to the pot. A decade later in 2024 ...

The company believes that the goal of 1 billion paying listeners is very likely. Also Read: Warner Music Q4 Earnings: Flat Digital Revenue Growth, Operating Cash Flow Falls Spotify reported third ...

Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006.

Spotify itself has 252 million subscribers or so. However, the company thinks that reaching 1 billion paid subscribers across all services is doable in the near future.