Spotify announced earlier this year that it paid out a record $10 billion-plus to the music industry in 2024, bringing its total to nearly $60 billion since its inception in 2006. The company - the world’s largest paid music-subscription service by a wide margin - maintains that it pays out 70% of every dollar it

Spotify (NYSE:SPOT) said it paid $10B in royalties last year, the biggest single-year payout by a company in the history of the music industry, with its yearly payouts to the industry increasing tenfold over the past decade.