Spotify said it paid $ 10 billion for the music industry last year

Audio flow company Spotify said on Tuesday that it paid $ 10 billion for the music industry last year. The company added that since its establishment, it has paid nearly $ 60 billion in industry expenditures.

This is another SPOTIFY's efforts to eliminate the report that the company does not reward artists correctly for their work. The key point to note is that the expenditure also includes money for other partners (such as publishers).

According to the report of the International Photography Industry Federation (IFPI) of the music institution representing the artist, there are more than $ 500 million in paid music streaming customers worldwide. According to its third quarter in 2024, Spotify has more than 252 million subscribers. Spotify said that more than 60 % of current users are currently supporting the free layer of advertising.

“For many people, these numbers may fall in one ears, while the other ears fall in the other ear. They may ask why Spotify has been yelling at it,” Spotify music business deputy President David Kaefer said in an article.

“This is because the system we build together is running, and now our position is just beginning. Now, among all music flow services, more than 500 million listeners pay. We should collect $ 1 billion in paid listeners collectively The world is a real goal.

The company quoted various reports and pointed out that Spotify contributed a large part of global streaming media income. It also said that from streaming media income, more than 10,000 artists earn more than $ 100,000 per year. It said that in 2014, more than 10,000 artists earned more than $ 10,000 each year.

Earlier this month, a report from the music financing platform Duetti pointed out that a few years later, the rate of each independent artist is stable. However, Spotify is the lowest of these expenditures, $ 3.0 per 1,000 times. Other platforms such as Amazon Music, Apple Music and YouTube per 1,000 units in 2024 were $ 8.8, $ 6.2 and $ 4.8.

The report also pointed out that although Spotify has increased the price of the plan over the years, the average expenditure has decreased.

In addition, the report emphasizes that Spotify's Discover Mode, which allows artists to better highlight the statement through algorithms while cutting salaries, which helps more and more flow. This means that artists must get more streaming media to earn the same money.

The competition of the current US dollar has also increased. According to Luminate's annual music report, an average of 99,000 songs is uploaded to the streaming platform per day. The report also pointed out that global flow reached $ 4.8 trillion, an increase of 14 % year -on -year.