Spotify paid out $10 billion to the music industry in 2024: “Where we are now is only the beginning”

In a new report published by Spotify’s VP and Head of Music, David Kaefer, he says the streaming giant paid out $10 billion to the music industry in 2024, and has paid out nearly $60 billion since its inception.

In the blog post – titled On Our $10 Billion Milestone and a Decade of Getting the World to Value Music – Kaefer says “the system we built together is working, and where we are now is only the beginning”...

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