THEsitealso includes sections onpayments,processesandfrequently asked questions, but you can check out this year's top insights right below my byline.
- New Music Millionaires:In 2024, nearly 1,500 artists generated more than $1 million in royalties from Spotify alone — and an estimated $4 million more across all revenue streams. This isn’t just a story about household names: 80% of these artists didn’t have a song make the Spotify Global Daily Top 50 in 2024. This means that independent musicians, less popular artists, and niche genres can thrive in the new streaming economy. Success in the streaming era doesn’t require a chart-topping hit or a decade-spanning catalog — it’s about building a loyal fan base that keeps coming back.
- Music is Multilingual: The world’s music is thriving like never before—artists everywhere are breaking barriers and reaching new heights. In 2024, artists who generated at least $1 million on Spotify recorded songs in 17 different languages. That’s more than double the number from 2017. Artists who generated at least $100,000 in royalties recorded songs in more than 50 languages—also more than double the number of languages they recorded in 2017.
- A record $10 billion payout:For yet another year, Spotify was the highest-paying retailer globally — paying the music industry more than $10 billion in 2024. That brings its total lifetime payouts to nearly $60 billion. Spotify paid more to the music industry than any other company in 2024, but that’s not all. Our $10 billion payout is the largest in music industry history — more than any other company has paid in a single year.
- The Rising Tide of Streaming:In the decade from 2014 to 2024, Spotify’s annual payments to the music industry increased 10x, from $1 billion to over $10 billion. Spotify is on a mission to make the world value music again — and the system we’ve built together is working. From the music industry’s low point of $13 billion in 2014, global revenue has more than doubled to over $28 billion in 2023 (IFPI).
Hereis a link to visuals for the press about theTop 10 highlights from the report. If you need any more information or have any questions, please let me know and I will do my best to help.
