The largest music platform in the world Spotify, 2024 Loud and clear published his report. This report reveals the highlights of the music publishing industry over a year. Last year’s results are quite interesting.

According to the report, Spotify artists whose native language is not English, 10 thousand dollars It constitutes more than half of artists with an income of 50% or more. Another group that is on the rise are independent artists. Artists not affiliated with any publisher, total for 2023 almost $4.5 billion For the first time, half of the compensation that Spotify paid out to artists went to independent artists.

Independent artists are on the rise, and artists’ average incomes are also rising

In the platform’s statement, since 2017 at least 1 million dollars, The number of artists earning $100,000 and $10,000 in revenue managed to triple. Artists do not have to cross the $10,000 threshold to receive payment on the platform. Furthermore, these figures only reflect the revenues of the Spotify platform.

Artists who made $1 million or more from Spotify 80% of the He couldn’t get any of his songs into Spotify’s Global Top 50 list. Regarding this issue, Spotify issued a statement saying that “the rosters are no longer large enough to accommodate all artists.” Spotify announced that it has paid a total of 9 billion to all artists by 2023.