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Spotify Paid $9 Billion to Labels & Publishers in 2023
Spotify's 2023 royalties payouts totaled more than $9 billion to labels and publishers, bringing its total payments to rights holders to $48 billion.
If the global value of music copyright rose 10% in 2023 — not an outlandish assumption given recent trends — Spotify would have accounted for roughly 20% of label and publishing income worldwide. Through its licensing agreements with labels and publishers, Spotify pays out nearly 70% of revenue from subscription fees and advertising to music rights holders. Amidst stiff competition from numerous well-funded tech giants, Spotify is by far the largest music subscription platform.
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