Spotify’s Payments to the Music Industry Nearing $40 Billion

  • 📰 Variety
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

Spotify announced Wednesday that its all-time payouts to music-rights holders are approaching $40 billion. The company said it pays out nearly 70% of every dollar it generates from music back to th…

already have. Spotify’s U.S. streaming subscription prices have not risen since the company launched in the country nearly a dozen years ago.

The company says that the number of artists generation more than $1 million annually??, as well as those generating more than $10,000, has more than doubled in the past five years, with around 1,060 artists in the million category and approximately 57,000 in the $10k. “These figures represent revenue generation from Spotify alone,” the announcement details. “When taking into account earnings from other services and recorded revenue streams, these artists likely generated 4x this revenue from recorded music sources overall.”

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

A penny at a time.

Streaming working for anyone yet?

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 108. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인