Spotify says its payouts are getting better, but artists still disagree

Spotify on Tuesday released its annual Loud & Clear report, detailing information about the music streaming service’s royalty payments. While Spotify revealed earlier this year that it paid out $10 billion to the music industry in 2024, the new report offers more in-depth numbers about its payments in an effort to dispel reports that the company doesn’t reward artists properly for their work. For the first time ever, an artist who received one in every million streams on Spotify generated over $10,000 on average in 2024, which is 10x what the same streamshare would have generated a decade ago, the report says. While Spotify is touting the amount it has paid out to artists and songwriters, many are demanding fair compensation from the streaming service. A few weeks ago, a number of Grammy-nominated songwriters boycotted Spotify’s songwriter of the year Grammy party because of the music streaming service’s decreasing royalties. Due to a change introduced by Spotify last year, Billboard ... Read full article.