Spotify Says It Paid Out $10 Billion to the Industry in 2024, Targets ‘1 Billion Paying Listeners’ Across All Platforms

Spotify is touting the record $10 billion it paid out to the music industry in 2024 – and eyeing a goal of one billion paid subscribers across all on-demand services. But does the royalties figure tell the entire streaming-compensation story? David Kaefer, currently VP of Spotify’s music and audiobook businesses, broke down his company’s 2024 […]