Music Business

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

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. Continue reading [https://www.hypebot.com/hypebot/2016/09/spotify-on-track-to-pay-music-industry-more-than-

, and Bruce Houghton

Sep 30, 2016

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.