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

Spotify wrote in its annual Loud and Clear Report that nearly 1,500 artists generated over $1 million in royalties in 2024.

Spotify paid the music industry $10bn (£7.7bn) in 2024, which the streaming service said was the highest annual payment from any single retailer in history. But the figures come as a heated debate continues about how much money artists and songwriters receive in royalties.