In January, Spotife revealed that it paid $ 10 billion to artists alone in 2024, and today the company highlighted the data.
Last year, more than 12,500 artists have produced more than 12,500 artists in royalties, with the music industry increased tenfold annually.
Spotife said a lot has changed over the past decade. The global recorded music revenue from streaming in 2014 was $ 13 billion, of which 1B contributed by a Swedish company. Since then, revenue has been doubled to $ 28 billion in 2023, with more than 500 million payers on all music platforms.
With that in mind, there are more than 200 artists who have passed the Million 5 million threshold. Back in 2017, there was only one. A barrier of $ 1 million was passed by 1,500 artists.
Spotifi billion to publish rights holders in the last two years. Billion is paid billion. These include songwriters, publishers, marks (performing rights organizations, aka artists’ union) and other collected societies.
Of the 1,500 artists who view the seven-digit amount in the USD, 80% of them have not reached the Spotife Global Daily Top 50 charts-one of the most popular playlists on the platform. They are not just inherited artists, including musicians actively traveling with real ticket events in 2024.
Spotife showed another interesting trend: widespread interest in multilingual music. Back in 2017, only $ 100 million in royalties in English and Spanish songs. In 2024, there were eight languages - English, Spanish, Italian, Japanese, Korean, French, Portuguese and German.
The threshold of Million 1 million in royalties was exceeded by music in 17 languages, while in 50 languages, the mark of 000 100,000 was reached.
Spotife confirmed how much a stream (playing a song) costs. 1 million streams equal to $ 10,000, which is $ 0.01 or 1 American percent. However, this is not a flat rate, and the payment is based on a streamshire because, as the company explained, a fixed-stream rate is not practical because listeners do not pay per song they listen to.
The global recorded music revenue comes from about a quarter -spotife, which was 15% in 2017. The total number of physical sales, travel, mercury, sinks and other sources, which illuminate the main position of the spotife in the industry.
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