Spotify has provided further details on the record $9 billion it paid out to the music industry in 2023, which was first announced in January. For context, the company stated that the “amount has nearly tripled over the past six years, and represents a big part of the $48 billion-plus Spotify has paid since its founding.” In Tuesday’s announcement the company says the number of artists generating at least $1,000,000, $100,000 and $10,000 all have nearly tripled since 2017 — and those earnings are from Spotify alone.
Source: Spotify Claims Record Earnings in 2023 for Indie Artists, Songwriters and Non-English-Language Songs