Spotify paid a record $10B in royalties in 2024, with 1,500+ artists earning over $1M. Despite growth, it faced legal challenges over songwriter payments, though a U.S. lawsuit was dismissed. Streaming's impact on artist revenue remains a key industry debate.
Spotify has announced that it paid out a record-breaking $10 billion in royalties to the music industry in 2024, marking the largest annual payout in its history. The Swedish streaming giant revealed that nearly 1,500 artists earned over $1 million in royalties last year, reflecting the platform’s continued influence on the music business.
Over the past decade, Spotify’s annual royalty payments have surged tenfold, rising from $1 billion in 2014 to the current $10 billion milestone. This growth highlights the increasing role of streaming services in shaping modern music consumption and artist revenue.
However, Spotify faced legal challenges last year, including a lawsuit in the United States that accused the company of underpaying songwriting royalties for millions of tracks. A federal judge in New York dismissed the case in 2024, easing concerns about potential financial repercussions.
As Spotify continues to expand, its impact on the music industry remains significant. While the record payout is a positive sign for artists and rights holders, ongoing discussions about fair compensation in the streaming era are likely to persist.
Canadian Prime Minister Mark Carney and U.S. President Donald Trump agreed Monday to work toward finalizing a new economic and security deal within 30 days, despite ongoing disagreements over tariffs.
The 51st G7 Leaders' Summit kicked off in Kananaskis, Canada, with President Trump and Prime Minister Starmer announcing a landmark trade agreement that cuts tariffs on autos, steel, aluminum, beef, and ethanol, strengthening economic ties between the US and UK.
Amid rising Israel-Iran tensions, the U.S. has ordered additional military deployments to bolster its defense posture in the Middle East.
The U.S. is considering joining Israel’s military campaign against Iran, with President Donald Trump expected to make the final decision. CENTCOM supports involvement, but senior officials are divided on the move.
Donald Trump's media company has filed for a Bitcoin and Ethereum exchange-traded fund (ETF), prompting fresh concerns over potential conflicts of interest as the U.S. President remains active in both politics and cryptocurrency ventures.
As Iran–Israel tensions escalate, the USS Nimitz is heading to the Middle East. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Israeli Prime Minister Benjamin Netanyahu has stated that a potential operation targeting Iran’s Supreme Leader would "end the conflict" rather than escalate it, framing the strategy as a path to resolution rather than provocation.
President Trump is cutting short his G7 trip and returning to Washington as tensions soar between Iran and Israel. After urging civilians to evacuate Tehran and warning Iran against nuclear ambitions, Trump said he must be back "for obvious reasons" amid rising fears of regional war.
Canadian Prime Minister Mark Carney and U.S. President Donald Trump agreed Monday to work toward finalizing a new economic and security deal within 30 days, despite ongoing disagreements over tariffs.
The 51st G7 Leaders' Summit kicked off in Kananaskis, Canada, with President Trump and Prime Minister Starmer announcing a landmark trade agreement that cuts tariffs on autos, steel, aluminum, beef, and ethanol, strengthening economic ties between the US and UK.
Pakistan will begin its first freight train service to Russia from Lahore on June 22. The route is part of the INSTC and aims to connect Pakistan's rail network with Central Asia, establishing a new trade corridor via Iran, Turkmenistan, and Kazakhstan.
Israeli strikes have reportedly targeted areas near the residences of Iran’s Supreme Leader Ayatollah Ali Khamenei and President Masoud Pezeshkian, according to the New York Times, citing local witnesses.
Peace is no longer a dream. It is a discussion. On the streets of Baku and Yerevan, it is also a question, of trust, of foreign interests, and of who truly wants it.
Azerbaijan Airlines (AZAL) has cancelled certain flights scheduled for 13th and 14th June amid recent escalation of situation in the Middle East and the closure of airspace in several countries for security reasons.
The Israeli military has issued an evacuation advisory for Iranian civilians living near weapons production sites and associated infrastructure within Iran. The message was shared on the social media platform X in both Arabic and Farsi by an official military spokesperson.
Donald Trump's media company has filed for a Bitcoin and Ethereum exchange-traded fund (ETF), prompting fresh concerns over potential conflicts of interest as the U.S. President remains active in both politics and cryptocurrency ventures.
Dozens of public companies, including one founded by Donald Trump, are adding bitcoin to their balance sheets, betting big on crypto amid soaring prices and political backing from the U.S. President.
Jaguar Land Rover (JLR) has warned that its profits will take a hit due to new U.S. tariffs imposed by President Donald Trump, after the company paused shipments to the American market in response to new 25% import tax hikes.
A delegation from the EBRD’s Board of Directors will visit Kazakhstan from 16 to 20 June 2025
The U.S. dollar advanced on Friday as investors rushed back into the currency and other safe-haven assets including U.S. Treasury bonds and gold after Israel launched widescale strikes against Iran, sparking Iranian retaliation.
As Iran–Israel tensions escalate, the USS Nimitz is heading to the Middle East. The U.S. aircraft carrier has a decades-long history in the region, from the 1979 hostage crisis to modern deployments, often serving as a key asset during periods of rising friction with Iran.
Israeli Prime Minister Benjamin Netanyahu has stated that a potential operation targeting Iran’s Supreme Leader would "end the conflict" rather than escalate it, framing the strategy as a path to resolution rather than provocation.
President Trump is cutting short his G7 trip and returning to Washington as tensions soar between Iran and Israel. After urging civilians to evacuate Tehran and warning Iran against nuclear ambitions, Trump said he must be back "for obvious reasons" amid rising fears of regional war.
Canadian Prime Minister Mark Carney and U.S. President Donald Trump agreed Monday to work toward finalizing a new economic and security deal within 30 days, despite ongoing disagreements over tariffs.
The 51st G7 Leaders' Summit kicked off in Kananaskis, Canada, with President Trump and Prime Minister Starmer announcing a landmark trade agreement that cuts tariffs on autos, steel, aluminum, beef, and ethanol, strengthening economic ties between the US and UK.
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