Spotify on Tuesday released its annual Loud & Clear report, detailing information about the music streaming service’s royalty payments. While Spotify revealed earlier this year that it paid out $10 billion to the music industry in 2024, the new report offers more in-depth numbers about its payments in an effort to dispel reports that the company […] © 2024 TechCrunch. All rights reserved. For personal use only.
Spotify's annual Loud & Clear report claims payouts to artists are improving, with more artists earning significant royalties and payments per stream share increasing tenfold in a decade. However, many artists and organizations like UMAW disagree, citing decreasing royalties, lower per-stream rates compared to competitors like Apple Music, and the lack of direct payments to artists. They advocate for fair compensation, especially for independent and smaller artists.
