It Was Announced How Much Money Spotify Paid to Artists

The world’s largest music platform Spotify, 2024 Loud & Clear published its report. This report reveals the highlights of the music publishing industry over a year’s time. Last year’s results are quite interesting.

According to the report, Spotify artists whose native language is not English, 10 thousand dollars It constitutes more than half of the artists earning income of 50% and above. Another group on the rise is independent artists. Artists who are not affiliated with any publisher, in total for 2023 close to 4.5 billion dollars For the first time, half of the fees distributed by Spotify to artists went to independent artists.

Independent artists are on the rise, and average artist incomes are also increasing

In the statement made by the platform, since 2017 at least 1 million dollars, The number of artists earning $100,000 and $10,000 in income managed to triple. Artists do not have to exceed the 10 thousand dollar threshold to receive payment on the platform. Additionally, these figures only reflect revenues from the Spotify platform.

Artists who earned $1 million or more from Spotify 80% of the He could not get any of his songs into Spotify’s Global Top 50 list. Regarding the issue, Spotify made a statement that “the lists are no longer large enough to accommodate all artists.” Spotify announced that it paid 9 billion to all artists in total for 2023.