THEsitealso includes sections onpayments,processesandfrequently asked questions, but you can check out this year's top insights right below my byline.
- New Music Millionaires:In 2024, nearly 1,500 artists generated over $1 million in royalties from Spotify alone — and it is estimated that over $4 million was earned from all recorded revenue sources. This is not just a story about well-known names: 80% of these artists did not have a song reach the 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 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. This is more than double 2017. The artists who generated at least $100,000 in royalties recorded songs in more than 50 languages — also more than double the number of languages at that threshold in 2017.
- A record $10 billion payout:For yet another year, Spotify was the retailer that paid the most globally—paying the music industry over $10 billion in 2024. This raises the 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 payment is the largest in the history of the music industry — 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 10 times, 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. From the lowest point in the music industry of $13 billion in 2014, global recorded revenue more than doubled to over $28 billion in 2023 (IFPI).
Hereis a link to visuals for the press about theTop 10 highlights from the report. If you need any more information or have any questions, please let me know and I will do my best to help.
