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Spotify Paid Out $9 Billion to Music Industry in 2023, $48 Billion-Plus Since Its Founding
Spotify paid the music industry some $9 billion in 2023, and $48 billion-plus since its founding, according to a statement from the streaming giant.
While further details were not immediately available, the company said they will be shared in its annual Loud & Clear report, which will be updated in the coming weeks. It is important to note that the payments go to rights holders first — which is rarely the artist or songwriter —which then take their fee or percentage and pay the creators their share. In a comment last March that is likely to be reiterated when the full 2023 details are announced, the company said of its royalty distributions: “These figures represent revenue generation from Spotify alone.
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