Spotify said it paid out $7 billion in royalties last year to rights holders, in a transparency report released Thursday, following critiques from within the music industry that the streaming service pays artists minuscule amounts.
released Thursday, following critiques from within the music industry that the streaming service pays artists minuscule amounts.... [+]Spotify’s royalty payments increased by $2 billion in 2021, up from $5 billion in 2020.
The streaming service said that for the first time, over 1,000 artists made more than $1 million through royalties on its platform.
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