“Every year, Spotify has paid out more and more money in streaming royalties, resulting in record revenues and growth for rights holders on behalf of artists and songwriters,” Spotify said in their report.
Spotify does not pay the artists and songwriters directly. These entities typically receive payments first, deducting their fees before they are passed down to artists and songwriters. This includes record labels, publishers, independent distributors and others. This revenue comes from subscription fees from Spotify Premium subscribers and advertising fees from the ad-supported tier.Īmong the highlights is that Spotify has paid nearly $40 billion to music rights holders to date. In the report, Spotify revealed they pay out 70% of every dollar generated from music back to the industry. Earlier this week, Spotify released their annual Loud & Clear report, highlighting top findings from 2022 data.
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