Spotify Loud & Clear Music Payouts Report
28.03.2024
Spotify is providing clarity about the economics of music streaming by updating its annual Loud & Clear report with 2023 data.
For four years, Spotify has been publishing this report to share how much money they pay out to rights holders each year and how many artists are generating different thresholds of revenue.
This year’s report shows that, for the first time ever, independent artists accounted for about half of what the entire industry generated on Spotify.
The number of artists generating every level of revenue in the report (from $1,000 to $10 million) tripled or nearly tripled from 2017 to 2023.
Another interesting find is that Spotify estimates that among the over 10 million people that have a track on Spotify, 225k are emerging and professional artists building music careers.