Music News: Spotify Paid Out $10 Billion to the Music Industry in 2024 — $1 Billion More Than Last Year — and $60 Billion Total

[playahaitian]

@dik cashmere

Spotify Paid Out $10 Billion to the Music Industry in 2024 — $1 Billion More Than Last Year — and $60 Billion Total

Spotify announced on Tuesday that it paid out $10 billion to the music industry in 2024, $1 billion more than last year, and $60 billion since 2006.

variety.com

 

[dik cashmere]

@dik cashmere

Spotify Paid Out $10 Billion to the Music Industry in 2024 — $1 Billion More Than Last Year — and $60 Billion Total

Spotify announced on Tuesday that it paid out $10 billion to the music industry in 2024, $1 billion more than last year, and $60 billion since 2006.

variety.com

Wait til artists find out this year that if you’re in the lower percentile of streams that they will have to pay per month to keep their music on the platform

 

[playahaitian]

Wait til artists find out this year that if you’re in the lower percentile of streams that they will have to pay per month to keep their music on the platform

Should've supported Drake

 

[dik cashmere]

Should've supported Drake

Nah this is bigger than drake

Spotifys biggest debt is they pay Google to store all of their catalog

For all the money they bring in they don’t have their own servers

So the clients will now have to chip in to offset the debt

 

[playahaitian]

Nah this is bigger than drake

Spotifys biggest debt is they pay Google to store all of their catalog

For all the money they bring in they don’t have their own servers

So the clients will now have to chip in to offset the debt

I'm just playing fam

 

[keone]

I'm just playing fam

U wasnt drake

 

[keone]

Money prolly went to the labels lol

 

[World B Free]

In the article:


"It’s important to bear in mind that Spotify (like most streaming services) pays rights-holders, usually a label and music publisher, which then distribute the money to musicians and songwriters, after taking their percentage. While the streaming economy leaves much to be desired in terms of compensating creators, the blame is not entirely on streaming services."

 

[Helico-pterFunk]

U wasnt drake

 

[keone]

In the article:


"It’s important to bear in mind that Spotify (like most streaming services) pays rights-holders, usually a label and music publisher, which then distribute the money to musicians and songwriters, after taking their percentage. While the streaming economy leaves much to be desired in terms of compensating creators, the blame is not entirely on streaming services."

What i just say. Exact same shit lol. Lucian bout to pay the lawsuit with drake own money
@playahaitian @dik cashmere

 

[Database Error]

What i just say. Exact same shit lol. Lucian bout to pay the lawsuit with drake own money

 

[keone]

That negro look exactly like @mcguyver yella ass negro. I had to double check.

 

[mcguyver]

That negro look exactly like @mcguyver yella ass negro. I had to double check.

 

[jawnswoop]