Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006. The company made the announcement in a blog post Tuesday morning. The news comes two days after Spotify reached a new deal with Universal Music that sees more-favorable royalty payments to musicians from the service’s audiobooks-music “bundle” announced last year.
