Every day, millions of people use Spotify to stream music. A few years ago, it would've felt like an impossibility: Click, and bam—a seemingly endless catalog of recorded music opens up, right at your fingertips.
Streaming now accounts for most of the money generated by the music industry—a whopping 84% in the United States, according to the RIAA, and 67.3% worldwide, according to a 2024 report by the International Federation of the Phonographic Industry, which tracks global sales.
In July, Spotify increased its monthly subscription cost. So, how does money from advertisers and subscription fees move from Spotify to artists' wallets, anyway?
How does Spotify pay artists and songwriters?
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