The website also includes sections about payments, processes and frequently asked questions, but you can check out the key insights from this year right below my signature.
- New Music Millionaires: In 2024, nearly 1,500 artists generated over $1 million in royalties from Spotify alone — and an estimated over $4 million across all reported revenue streams. This isn’t just a story about big names: 80% of these artists didn’t have a song on the Spotify Global Daily Top 50 in 2024. This means independent musicians, less mainstream 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 decade-spanning catalog — it’s about building a loyal fanbase 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 the number from 2017. Artists who generated 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 $10 billion payout: For another year, Spotify was the top-paying digital retailer globally — paying the music industry over $10 billion in 2024. This brings total lifetime 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 payout 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 grew 10x, from $1 billion to over $10 billion. Spotify’s mission is to make the world value music again — and the system we’ve built together is working. Since the music industry’s low point of $13 billion in 2014, global recorded revenue has more than doubled to over $28 billion in 2023 (IFPI).
Here is a link to press visuals about the top 10 report highlights. If you need more information or have any questions, let me know and I’ll do my best to help.
