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Half of Spotify’s Royalties Are Going to Indie Artists

The company confirmed in a new report that it paid $5 billion to the independent music sector in 2024.

Spotify updated its annual Loud and Clear report on Wednesday, confirming that for a second consecutive year, the streaming giant paid out half of its royalties to independent artists. “It speaks to opportunities and choices that artists have today,” Sam Duboff, Spotify’s global head of marketing and policy for the music business tells The Hollywood Reporter. Spotify launched its Loud and Clear initiative back in 2021 in an effort to increase transparency with artists and contextualize how the streaming service pays for music.

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