Streaming has leveled the playing field in many ways since it became the main platform for music around a decade ago, and the fact that independent artists — which Spotify defines as artists signed to a non-major labels or self-releasing — now account for half of that total, for the first time, is evidence. With some 236 million paying subscribers, Spotify remains by far the world’s largest paid music-streaming service, with the U.S. its biggest territory.
Source: Spotify Generated $4.5 Billion for Independent Artists and Labels in 2023