SPOTIFY’S $10BN ROYALTIES CLAIM MASKS WIDENING FINANCIAL INEQUALITIES FOR ARTISTS
Stockholm, Sweden – Spotify’s latest Loud & Clear report boasts of a record $10bn in royalties paid out to artists and publishers in 2024. However, the celebratory tone rings hollow for many in the music industry, who point to widening financial inequalities and accuse streaming services of profiting more from artists than artists are from…