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Spotify says it paid $10 billion to music industry last year

  • Spotify paid $10 billion to the music industry last year, totaling $60 billion in payouts since its inception.
  • Spotify aims to dispel reports of not properly rewarding artists and highlights its contributions to the music industry.
  • According to the International Federation of the Phonographic Industry, there are over 500 million paying music streaming customers worldwide.
  • Spotify's per-stream rates were reported as the lowest compared to other streaming platforms in 2024, although it disputes the claims.

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