Spotify reached a new milestone, paying $10 billion in royalties to the music industry, a tenfold increase over the past decade. This growth benefits both major streaming services and artists, ...

Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year ...

Spotify's market valuation is roughly $110 billion. Warner and Universal are worth roughly $70 billion combined. Bloomberg explains the streamer's runaway success compared to music labels.

Of the $10 billion Spotify doled out to music rights holders last year, it gave about $5 billion to indie labels and artists, the company said, a $500 million increase from 2023.

Spotify shares rose after the audio streaming platform said it paid $10 billion in music royalties during 2024. The stock opened 5% higher on Wednesday at $534.18. Shares have doubled over the past ...

Get the complete Spotify icons meaning guide. Understand playlist controls, playback buttons, and other symbols to improve ...

Inspiring hymns and songs, together with uplifting stories of faith from around the UK and beyond.