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Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60 billion in industry payouts since its inception.
Spotify paid out $10 billion to the music industry in 2024 — some $1 billion more than last year, the previous record — making its total around $60 billion since it was founded in 2006.
is roughly 10 times as much as it shelled out to the music industry a decade ago. Kaefer says the streaming service has now contributed roughly $60 billion to the music industry since its founding.