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# Spotify paid the music industry $9 billion in 2023
- URL: https://www.hypebot.com/spotify-paid-the-music-industry-9-billion-in-2023/
- Published: 2024-02-08T15:34:00.000Z
- Updated: 2024-02-08T15:34:10.000Z
- Description: Apparently, passing 602 million monthly active users was not the only big stat Spotify wanted to share this week. Two days after a solid report to investors that sent its stock up 8%, Spotify announced it had paid more than $9 billion to musicians and the music industry last year, its highest payout
- Author: Bruce Houghton
- Tags: Music Business, Music Tech, Streaming, #wp, #wp-post, #Import 2026-01-21 09:44

Apparently, passing 602 million monthly active users was not the only big stat Spotify wanted to share this week. Two days after a [solid report to investors](https://www.hypebot.com/four-big-takeways-for-music-from-spotifys-q3-earnings-call/) that sent its [stock up 8%](https://www.hypebot.com/spotify-jumps-on-strong-q4-subscriber-growth-earnings-report-nyse-spot/), Spotify announced it had paid more than $9 billion to musicians and the music industry last year, its highest payout ever.

$9 million represents 63% of the $14.3B total revenue Spotify reported in 2023\. That percentage has fallen from around 70% in earlier years as the streamer diversifies its content to include podcasts and audiobooks.

![$9B+ Spotify music industry revenue 2023, with headphones and musical notes, highlighting Spotify's significant payout; key data for music industry insights and digital streaming growth.](https://storage.ghost.io/c/3a/95/3a957c06-c825-4057-9939-0a274cc16d23/content/images/www-hypebot-com/wp-content/uploads/2024/02/spotify-2023-payouts-4x5-1.png)

The annual amount that Spotify pays the music industry has tripled in the last six years, totaling more than $48 billion since its founding.

The streamer said it will share more data in its annual Loud & Clear report in the coming weeks.

Underscoring Spotify’s importance to musicians and the industry, today’s $9B announcement comes at a moment when [UMG is battling TikTok](https://www.hypebot.com/35-of-top-tiktok-tracks-were-removed-by-umg-but-fans-find-workarounds/) over payments and other streaming competitors are touting comparatively smaller numbers of their own.

#### MORE: [Four big music takeaways from Spotify’s earnings call](https://www.hypebot.com/four-big-takeways-for-music-from-spotifys-q3-earnings-call/)

**Bruce Houghton* is the Founder and Editor of [Hypebot](https://www.hypebot.com/), a Senior Advisor at [Bandsintown](https://www.bandsintown.com/?ref=hypebot.com), President of the[ Skyline Artists Agency](https://skylineonline.com/?ref=hypebot.com), and a [Berklee College Of Music](https://online.berklee.edu/courses/touring-101?ref=hypebot.com) professor.*