Spotify announced earlier this year that it paid out a record $10 billion-plus to the music industry in 2024, bringing its total to nearly $60 billion since its inception in 2006. The company - the world’s largest paid music-subscription service by a wide margin - maintains that it pays out 70% of every dollar it

Spotify on Wednesday released further details about its record $10 billion US in royalties in 2024 in its Loud & Clear report. The report comes amid the ongoing debate about how much money artists and songwriters actually receive in royalties and whether it is actually fair.

Spotify has unveiled its annual Loud & Clear report, highlighting record-breaking royalty payouts and global growth in the music industry. In 2024, Spotify paid out over a whopping $10 billion US to the music industry—more than any other company and the largest annual payout in music history.