Music Business

Spotify On Track To Pay Music Industry More Than $1.6 Billion In 2016

Spotify$Spotify announced that its total payments to artists, labels, publishers and other rightholders now tops $5 billion.That's up $2 billion from June 2015, when the music streamer shared that it had paid out $3 billion total.

At this pace, which is likely quickening, Spotify is paying the music industry $133 million month or a projected $1.6 billion in 2016.

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