LOS ANGELES — LOS ANGELES (AP) — Spotify paid out $9 billion in streaming royalties last year, the streaming giant stated Tuesday in its newest “Loud and Clear” report.
Spotify’s 4th yearly report, which initially introduced in 2021 following criticism over its absence of openness, keptinmind record achievements, consistingof the greatest yearly payment from any seller to the music market.
“This is whatever we understand about how much is being paid out, how numerous artists are accomplishing various levels of success,” states Charlie Hellman, the vice president and worldwide head of music item at Spotify. “So, everybody can have gainaccessto to the info and be sort of up to date with the state of the market.”
According to the information, 1,250 artists created over $1 million each in recording and publishing royalties in 2023; 11,600 created over $100,000 and 66,000 created over $10,000 — numbers that have practically tripled because 2017.
More than half of those 66,000 artists came from nations where English is not the main language, the report states, showing an significantly international music landscape.
And “indie” artists — the self-distributed, diy acts and those on independent record labels, according to Hellman — accounted for $4.5 billion, half of all royalties paid out by Spotify.
“There are millions of