Spotify says it paid nearly 1,500 artists $1 million or more in royalties for 2024 streams
Portfolio Pulse from
Spotify's annual Loud and Clear Report reveals that nearly 1,500 artists earned over $1 million in royalties from 2024 streams, with over 80% of these artists not having a song in the Global Daily Top 50 Chart.
March 12, 2025 | 3:00 pm
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POSITIVE IMPACT
Spotify's report highlights significant royalty payments to artists, indicating strong revenue generation and artist support, which may positively influence investor sentiment.
The report demonstrates Spotify's ability to generate substantial revenue for artists, which can enhance its reputation and attract more artists to the platform. This positive development is likely to boost investor confidence in Spotify's business model and growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100