In this photo Description Spotify music application is seen in a phone in New York on June 04, 2024.
Michael M. Santiago | Getty pictures
Spotify Musical Millioners are minting.
About 1 million dollars were narrated from about 1,500 artists Stain In 2024, the company said it was annual on Wednesday High and clear report.
Spotify, more than 80% of the artists in this pool, the application has not reached 50 schedules of global daily. To reach this million dollar, an artist needs to have a listener of about 4-5 million months or 20 to 25 million months.
“Spotify raised the game area for artists at each stage of their careers,” he said. “During the flow period, the successes do not require a ten-year fake catalog or a graphical overlap.”
News, a month after the company’s fourth quarter earnings, the Swedish music streamline notes the first full profitability.
Spotify, artists with more than $ 10 million, the upper exhibition of artists has increased by 600% since 2017, it has reached 70 to 2024, he said.
The company said that this is a $ 10 billion royalties for 2024, “$ 10 billion in the 9th anniversary music industry,” The largest record of the CD is the highest record of the cd. “
Spotify does not pay for a stream. Instead, the rights of the law “streams” or calculates the percentage of the flow of the flows they are out of a certain market.
