THEsitealso includes sections onpayments,processesandfrequently asked questions, but you can check the main insights of this year right below my signature
- New Music Millionaires:In 2024, almost 1.500 artists generated over $1 million in royalties just from Spotify — and it is estimated that more than $4 million in all registered revenue sources. This is not just a story about well-known names: 80% of these artists did not have a song that reached the Spotify Global Daily Top 50 in 2024. This means that independent musicians, less popular artists and niche genres can thrive in the new streaming economy. Success in the streaming era does not require a hit at the top of the charts or a catalog that spans a decade — it is about building a loyal fan base that keeps coming back
- Music is Multilingual: music from all over the world is thriving like never before — artists everywhere are breaking barriers and reaching new heights. In 2024, the artists who generated at least US$ 1 million on Spotify recorded songs in 17 different languages. This is more than double that of 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 within that limit in 2017
- A record $10 billion payout:for another year, Spotify was the retailer that paid the most globally — paying the music industry more than $10 billion in 2024. This raises the total lifetime payments to nearly $60 billion. Spotify paid more to the music industry than any other company in 2024, but that is not all. Our payment of $10 billion is the largest in the history of the music industry — more than any other company paid in a single year
- The Rising Tide of Streaming:In the decade from 2014 to 2024, Spotify's annual payments to the music industry have increased 10x, from US$ 1 billion to over US$ 10 billion. Spotify's mission is to make the world value music again — and the system we built together is working. From the lowest point of the music industry at $13 billion in 2014, global recorded revenue more than doubled to over US$ 28 billion in 2023 (IFPI)
Hereis a link to visuals for the press about theTop 10 highlights from the report. If you need more information or have any questions, let me know and I will do my best to help
