The site also includes sections on payments, processes and frequently asked questions, but you can check out the key insights for this year just below my signature.
- New Music Millionaires: In 2024, nearly 1,500 artists generated over $1 million in royalties solely from Spotify — and it’s estimated over $4 million from all registered revenue sources. This isn’t just a story about household names: 80% of these artists did not have a song that made it to Spotify Global Daily Top 50 in 2024. This means independent musicians, lesser-known 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 catalog spanning a decade — it’s about building a loyal fan base that keeps coming back.
- Music is Multilingual: Music from around the world 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 from 2017. Artists who earned at least $100,000 in royalties recorded songs in over 50 languages — also more than double the number of languages at that threshold in 2017.
- A record payment of $10 billion: for another year, Spotify was the top-paying retailer globally—paying the music industry over $10 billion in 2024. This brings lifetime total payments 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 payment is the largest in music industry history—more than any other company has paid in a single year.
- The Rising Tide of Streaming: 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 recorded revenue more than doubled to over $28 billion in 2023 (IFPI).
Here is a link with visual resources for the press about the 10 main highlights of the report. If you need more information or have any questions, let me know, and I will do my best to help.
