Spotife reported that in 2024 it paid $ 10 billion to the music industry – a new record. It should be noted that this money did not go to all the artists, various partners like publishers are also in the mix.
The streaming service says that more than 10,000 artists currently make $ 100,000 per year on Spotife. You can see more detailed rupture here. Some make big rupees – 1,250 artists have made Million over 1 million and 60 in a year only $ 10 million from spotifi.
In the context of how things have changed, in 2014, in 2014, about 10,000 artists were making at least $ 10,000 from Spotife alone. To date, Spotifi has paid about $ 60 billion to the music industry.
Based on data from DUT (a music financing platform), Spotife pays $ 3.0 per 1,000 streams, while YouTube pays $ 4.8, $ 6.2 and 1,000 streams (numbers for 2024).
Spotife quotes retention as the main cause of its success – listeners come back to matters such as Curated Playlists and AI DJ Facility. Ad-supported free tires are also important because they help onboard users-60% of premium subscribers started on ad tire. Launching in multiple markets and determining prices for those markets is considered as the second cause of success.
Right now, there are more than 500 million paid subscribers for various music streaming services. Spotife itself is 252 million subscribers or more. However, the company thinks that reaching 1 billion paid subscribers on all services is appropriate in the near future.
Source | Till