Spotify announced Wednesday that its all-time payouts to music-rights holders are approaching $40 billion. These rights holders include record labels, publishers, independent distributors, performance rights organizations and collecting societies, the announcement said. It detailed that it paid out more than $3 billion to publishing rights holders, PROs and collection societies that represent songwriters over the last two years.
Source: Spotify’s Payments to the Music Industry Nearing $40 Billion