Spotify paid $ 5 billion to independent musicians in 2024

Spotify has updated its loud and clear annual report on Wednesday, which confirms that for the second year in a row, the giant broadcasting company paid half its royalties to independent artists.

Of the 10 billion dollars from Spotify, it passed to music rights holders last year, giving about $ 5 billion to independent brands and artists, and the company said, an increase of $ 500 million over 2023.

“He talks about the opportunities and options that artists have today,” Sam Dubov, the international marketing and policy of Spotify Music Business, recounts Hollywood Observer. “There is a lot of what has been enabled to broadcast and many artists that artists be more controlled in how they want to move in their career. You have a lot of artists who choose to go to the path of the main brand that gets progress and changing resources for life that comes with that, you see independent stickers in the middle with some of those services themselves, but artists get a greater reduction, then I got many of the artists who are completely independent 100 who keep 100 One percent of their rights and promoting themselves.

The report comes weeks after Spotify the first year of profit, 18 years after the establishment of the company in 2006. While Spotify and The Preming Era helped stimulate the record work after years of decline amid a piracy in the first decade of the twentieth century, the company has received fixed criticism from artists – especially the smaller independent artists – about the middle amounts of their currents.

Today’s report today will not reduce many of these criticisms because the majority of songs on the platform do not get enough flows until they are eligible to get the motivation. Spotify also raised the temptation of a songwriter’s community last year because of its controversial strategy that leads to salaries composed of songwriter. The mechanical licensing group filed a lawsuit against the package strategy, although the judge rejected the lawsuit in January. In a new and clearly clear report, Spotify said it paid $ 4.5 billion to the book of songs and publishers in the past two years.

“The growth of people who download music will always outperform the growth rate of the number of people they make,” says Dubov. “We see our role as providing the most transparency and data about our role in the ecosystem as possible, and our hope was to inspire more transparency from other parts of the ecosystem. No other flow service has published transparent data about their payments or the number of artists who generate different sums. It is clear that there are many accounts that people talk about when talking about royalties, I think with the passage of time that the data and facts will begin to overcome The novels.

The Spotify report is the latest confirmation of the independent music sector that attracts more attention from the broader music industry. At the end of 2024, Universal Music Group, the world’s largest music company, spent $ 775 million to acquire the city of Music Holdings, the parent company to the music distribution platforms CD and Fuga. and Hollywood Observer It was reported this week, as Concorde is holding talks to buy a stake on the STEM music distribution platform as well.

Elsewhere in the report, Spotify stated that 1500 artists had achieved at least a million dollars in the year 2024, an increase of 1350 in the previous year. Spotify said that the number of artists born on the kings on the platform had doubled three times since 2017.

The Spotify update also reflects more global music that reaches the main current. “English, Spanish, German, Portuguese, French, Japanese, Korean and Italian said. In 2017 it was only Spanish and English. Meanwhile, the languages ​​with the largest growth in royalties last year were Greek, Telego, Turkish, Polish and Arabic.

“What we see is an increase in artists from the less mature music markets capable of taking advantage of the international group of kings, new types of successful music and exporting professions that could not be conceived 20 years ago,” Dubov says.