Spotify Just Had its First Ever Profitable Year - and Paid Out 'Over $10 Billion' In Royalties

It's been a busy few days of news involving Spotify: from an immersive concert film with Central Cee and Playboi Carti's record-breaking new album, to revelations that it paid "over $10 billion" to "the music industry" in 2024 - a sum, that Spotify claims, makes it the industry's single largest contributor.The figure, revealed last week in its annual music economics report, Loud & Clear, equates to approximately 8.6% of the company's $118 billion USD current market value - yet perhaps more surpr...