The award's It also includes sections on payments, tactics and FAQ, but you can check out this year's main insights just below my subscription.
- New Music Millionaires: In 2024, almost 1,500 artists generated more than US$ 1 million in royalties alone from Spotify — and it is estimated that more than US$ 4 million in all registered revenue sources. This is not just a story about familiar names: 80% of these artists did not have a song that came to Spotify Global Daily Top 50 in 2024. This means that independent musicians, less popular artists and niche genres can thrive in the new streaming economy. Success in the streaming era doesn't require a hit at the top of the charts or a decade-long 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 down barriers and reaching new heights. In 2024, artists who generated at least 1 million US$ on Spotify recorded music in 17 different languages. That's more than double 2017. Artists who generated at least US$ 100,000 in royalties recorded music in more than 50 languages — also more than double the number of languages at this limit in 2017.
- A record payment of US$ 10 billion: For another year, Spotify was the retailer that paid the most globally — paying the music industry more than US$ 10 billion in 2024. This raises the total lifetime payments to nearly US$ 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 biggest in the history of the music industry — more than any other company paid in a single year.
- The rising tide of streaming: In the 2014 to 2024, Spotify's annual payments for the music industry increased by 10X, from US$ 1 billion to more than US$ 10 billion. Spotify has the mission to make the world value music again — and the system we built together is working. Since the lowest point in the music industry of US$ 13 billion in 2014, the global revenues registered more than doubled to more than US$ 28 billion in 2023 (IFPI).
Sources There is a link with visuals to 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.

