Spotify says it paid $10 billion in royalties in 2024 — but are artists any better off?
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Spotify announced it paid $10 billion in royalties in 2024, a record amount, amidst ongoing criticism from artists regarding low payments.
March 12, 2025 | 5:15 pm
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Spotify paid a record $10 billion in royalties in 2024, but continues to face criticism from artists over low payments.
The announcement of record royalty payments could be seen positively as it shows Spotify's commitment to compensating artists. However, ongoing criticism from artists about low payments may offset any positive sentiment, leading to a neutral short-term impact on SPOT's stock price.
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