Music Industry

Some new Spotify payout numbers are available. They’re big.

Spotify has something called “Loud and Clear,” a website that offers stats of the platform’s usage. Ahead of the next formal announcement, the company announced that it paid out more than US$9 billion to artists. That’s more than triple from six years ago. Since it went online in 2008, Spotify says it has paid out over US$48 billion.

About 200,000 artists receive 95% of the payouts. That works out to an average payout of US$42,750 per artist, although those on top (The Weeknd, Drake, Taylor Swift et al) obvious get much, much more than that.

YouTube is in something of a race with Spotify. In 2023, it paid out around US$6 billion. They’ve made it clear that they’re gunning for Spotify and want to become “the #1 contributor of revenue to the industry by 2025.”

Spotify fill release more 2023 numbers in the coming days and weeks.

(With info from Music Ally)

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 37880 posts and counting. See all posts by Alan Cross

One thought on “Some new Spotify payout numbers are available. They’re big.

  • As long as they pay sh**head Rogan anything, i’m out….

    Reply

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