Reaction thread #34779

  • Spotify paid the music industry $9 billion in 2023Apparently, passing 602 million monthly active users was not the only big stat Spotify wanted to share this week. Two days after a solid report to investors that sent its stock up 8%, Spotify announced it had paid more than $9 billion to musicians and the music industry last year, its highest payout ever...
    The post Spotify paid the music industry $9 billion in 2023 appeared first on Hypebot.

    Apparently, passing 602 million monthly active users was not the only big stat Spotify wanted to share this week. Two days after a solid report to investors that sent its stock up 8%, Spotify announced it had paid more than $9 billion to musicians and the music industry last year, its highest payout ever...