musiconline
Spotify paid out a total of $9 billion (€8.3 billion) in streaming royalties in 2023, making it the largest annual payment from any company to the music industry. The payout, which includes earnings distributed to artists and rights holders, was revealed in its recently published 'Loud and Clear' report. Previously, the giant Swedish digital music, podcast, and video service had been urged to "increase transparency" following criticism that it was failing to do so. "This is everything we know about how much is being paid out, how many artists are achieving different levels of success," said Ch...
Euronews (English)
As multinational CEOs go, Daniel Ek, the boss and founder of Spotify, is rather a quiet man when it comes to boasting about his company's exploits. But last week, he launched a soft PR campaign giving his inner thoughts about Spotify's role in supporting musicians and the industry. Ek claims his firm has put over $9 billion (€8.3 billion) back into the music industry in 2023, and has paid a total of more than $48 billion (€44.4 billion) since the company was founded. In recent years, the streaming platform has come under fire for underpaying musical artists. Many major artists have pulled thei...
Euronews (English)
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