The music-streaming giant has long been the target of criticism from artists about paltry payments, but said it doled out record royalties last year.

Spotify says it paid more than $10bn in royalties to the music industry last year, as it seeks to counter criticism from recording artists that it has failed to share the bounty of the streaming era.

Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Nearly 1,500 artists earned over $1 million in royalties from Spotify last year,

Taylor Swift’s earlier concerns about streaming royalties take a turn as Spotify announces record-breaking payouts