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Spotify Says More Artists Made More Money in More Languages in 2024, Per-Stream Rate a ‘Misconception’
Spotify released its 2024 Loud & Clear report, which says more artists made more money in more languages from the streaming platform last year.
Spotify released its annual Loud & Clear report on Wednesday (March 12), trumpeting the growing number of musicians earning robust royalty income from the platform, along with its users’ increasingly global listening patterns. “The number of artists generating $10,000, $100,000, and $1 million dollars on Spotify alone has at least tripled since 2017,” says Sam Duboff, the platform’s global head of marketing and policy, music business. Last year, for example, Reps. Rashida Tlaib(D-Mich.) and Jamaal Bowman(D-N.Y.) introduced the Living Wage for Musicians Act in the House of Representatives; the Union of Musicians and Allied Workers (UMAW), which helped draft the act, said it was necessary because “artists continue to be underpaid, misled and otherwise exploited by streaming platforms.” Across the Atlantic, members of the European Parliament also called on the music industry to explore “fairer models of streaming revenue allocation.”
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