Spotify paid the music industry $10bn (£7.7bn) in 2024, which the streaming service said was the highest annual payment from any single retailer in history. But the figures come as a heated debate continues about how much money artists and songwriters receive in royalties.

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 said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Julian Satterthwaite reports. The scientists trying to save the fewer tha

Spotify just revealed its Annual Music Report and the streaming giant just had its best year ever, paying out $10 billion to rights holders with more musicians regularly earning their living through Spotify streams and more music millionaires being created than ever before.

Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Nearly 1,500 artists earned over $1 million in royalties from Spotify last year,