Get the latest gossip
Spotify Paid Out a Record $4.5B to Independent Labels & Publishers in 2023
Spotify paid indie music labels and publishers $4.5 billion in 2023, roughly half of the $9 billion it paid to rights holders in total last year.
The $4.5 billion total marks a new record for the indie sector (which includes DIY artists) and a four-times increase in the amount that independents generated on Spotify in 2017, according to the company. “In 2023, independent music ‘s historic achievement, generating nearly $4.5 billion on Spotify, underscores the transformative and democratizing impact of streaming, marking a milestone in the global accessibility and success of independent artists,” said Dr. Richard James Burgess, CEO of A2IM, in a statement. The figures released by Spotify aren’t surprising when considering that independents’ share of the market has been growing each year.
Or read this on Billboard