Spotify contributed a record $10 billion to the music business in 2024

Spotify, a Swedish music streaming company, has given a «record» $10 billion to global sound recordings, bringing the total to roughly $60 billion since its start.

According to the platform, worldwide music industry sales totaled $13 billion in 2014, with Spotify contributing approximately $1 billion due to its 15 million paid subscribers.

There are already over 500 million paying customers across all music streaming services, and Spotify feels that attaining one billion listeners is a «realistic goal that we should collectively set for ourselves.»

According to Spotify, the inclusion of more of these subscriptions has increased industry payments by tenfold over the last decade.

There are already over 500 million paying customers across all music streaming services, and Spotify feels that attaining one billion listeners is a «realistic goal we should collectively set for ourselves.»

According to Spotify, adding more of these subscriptions has increased industry payments tenfold over the last decade.