Nearly 1,500 artists generated more than $1 million in royalties from Spotify in 2024, the company said in its annual Loud and Clear Report. Spotify said more than 80% of the artists in that pool did not have a song reach the app's Global Daily Top 50 Chart.

Spotify said on Wednesday it paid $10 billion in royalties in 2024, the largest payout to the music industry in a single year. Nearly 1,500 artists earned over $1 million in royalties from Spotify last year,