Spotify paid $9 billion in royalties in 2023, marking record growth and the highest annual payment from any retailer to the music industry. Over 1,250 artists earned over $1 million each. The number of artists generating at least $1 million, $100,000, and $10,000 has nearly tripled since 2017. Global recorded music revenues rose 10.2% to $28.6 billion in 2023, driven by a rise in paid streaming subscribers.
The IFPI has released its annual report for 2023, pointing to double-digit recorded music revenue growth fueled in part by a 19.4% improvement in Latin America and a close to 26% spike in China. https://t.co/QO1r3phW0o
Global recorded music revenues grew 9.8% YoY to $35.1bn in 2023, says MIDiA Research (@murraystassen - @musicbizworld) https://t.co/QvoXSJMRwr
#Jungkook and #BTS are the only K-pop Acts to surpass 1 BILLION streams on Spotify in 2024! πͺπππππ€π https://t.co/Yql9he7cDX
#JUNGKOOKβs 'GOLDEN' has surpassed 3 BILLION streams on Spotify! It's the 1ST album by a K-Pop Soloist and the FASTEST album by an Asian Act to reach this milestone!πͺππ₯π°π·π¨βπ€πΏπ₯3β£π ±οΈπ§βπ¨ππΏπππππ€π #JungKook_GOLDEN #JUNGKOOKHISTORYMAKER https://t.co/P9uPezKilv
Global music revenues were up 10.2% last year to $28.6 billion, according to industry figures released Thursday, but record firms expressed continued concerns over how to maintain growth in the streaming era. https://t.co/t4cdnHHp3C
Global recorded music revenues rose 10.2% to $28.6bn in 2023, as paid subscriptions to music streaming services exceed 500m globally (@murraystassen - @musicbizworld) https://t.co/STCjsR3tUO
Global Music Revenue Grew 10.2% in 2023 β But Executives Warn of a βTransformational Momentβ Ahead https://t.co/IoDEePbaXN
Global music biz sees 10.2% growth in 2023: industry https://t.co/vYy3reNpoL
IFPI Global Report 2024: Music Revenues Climb 10% to $28.6 Billion https://t.co/UdGcXUzeaK
β οΈ STREAMING SUBSCRIPTIONS BOOST 2023 RECORDED MUSIC REVENUES -REPORT Full Story β https://t.co/3Ctb9xdDbI Global recorded music revenues grew for the ninth year running in 2023, increasing 10.2% to $28.6 billion mainly thanks to a rise in paid streaming subscribers, a reportβ¦ https://t.co/RunXcucjUP
#JUNGKOOK is the 1ST and ONLY K-Pop Soloist to reach 1 BILLION streams in 2024 on Spotify!πͺπ₯π°π·π¨βπ€π₯1β£π ±οΈπ§2β£0β£2β£4β£π₯ππ€π #JungKookrecordbreaker #JungKook_GOLDEN https://t.co/1V5lJ8NZD5
#JUNGKOOK is the 1ST and ONLY K-Pop Soloist to reach 1 BILLION streams in 2024 on Spotify!πͺπ₯π°π·π¨βπ€π₯1β£π ±οΈπ§2β£0β£2β£4β£π₯ππ€π #JungKook_GOLDEN #Jungkookrecordbreaker https://t.co/KMLXOR2toa
#JUNGKOOK is the 1ST and ONLY K-Pop Soloist to reach 1 BILLION streams in 2024 on Spotify!πͺπ¨βπ€π₯π₯1β£π ±οΈπ§2β£0β£2β£4β£π₯ππ€π #JungKook_GOLDEN #Jungkookrecordbreaker https://t.co/Mus1xYUF9v
Spotify Says It Paid $1 Million to 1,250 Artists in 2023. Which Artists Might They Be? https://t.co/ZJZrTTfXxS
Spotify reveals that the number of artists generating at least $1M, $100K and $10K, has nearly tripled since 2017. π: https://t.co/Qmkp8fd7VD https://t.co/KnjTchLDbe
Tencent Music Profits Surged in 2023 on Paid Subscription Growth Despite Hit to Social Business https://t.co/ZNajMlZJKw
Spotifyβs 2023 royalty transparency report is out today. The number of artists generating eg $10k+, $100k+, $1M+ have all nearly tripled over the last 6 years. Which is exciting on its own, and also bodes well for where the ecosystem will be by 2030. https://t.co/RL7XyZRbYE https://t.co/2uUsujUm2X
Spotify paid $9 billion in royalties in 2023. Here's what fueled the growth https://t.co/15dz2EsAri
Music's last decade was all about scale. Streaming raced to onboard as many global subscribers as possible. All at one low price for every song in the world. And music grew: β 600 million more subscribers β $13 billion in added revenue The recorded music industry appears toβ¦
$SPOT Spotify (SPOT) paid $9B in streaming royalties in 2023, marking the highest annual payment from any retailer to the music industry. Over 1,250 artists earned over $1M each https://t.co/oCzxleDk8c
Spotify Claims Record Earnings in 2023 for Indie Artists, Songwriters and Non-English-Language Songs https://t.co/HFsTKxofti
Spotify's royalty payouts hit $9 billion in 2023, marking record growth https://t.co/TqJVTCjVhA https://t.co/xiWR1KAbA9
Spotify paid $9 billion in royalties in 2023. Hereβs what fueled the growth. https://t.co/uB4XiXDHgR