Spotify shares rise on record royalty payout
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Spotify Technology SA shares rose over 5% following the announcement of a record $10 billion royalty payout to artists in 2024, with $5 billion going to independent artists and labels.
March 12, 2025 | 5:45 pm
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Spotify's stock price increased by more than 5% after the company announced a record $10 billion in royalty payments for 2024, with $5 billion allocated to independent artists and labels.
The significant increase in royalty payments demonstrates Spotify's strong revenue generation and commitment to supporting artists, which likely boosts investor confidence and positively impacts the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100