Spotify paid $10 billion to the music industry last year, with $4.5 billion to publishers across 2023-24. So why are songwriters still struggling?

Spotify on Wednesday released further details about its record $10 billion US in royalties in 2024 in its Loud & Clear report. The report comes amid the ongoing debate about how much money artists and songwriters actually receive in royalties and whether it is actually fair.

Spotify has unveiled its annual Loud & Clear report, highlighting record-breaking royalty payouts and global growth in the music industry. In 2024, Spotify paid out over a whopping $10 billion US to the music industry—more than any other company and the largest annual payout in music history.