What you need to know
- Spotify has released its annual "Loud and Clear" report — a comprehensive look at how artists have performed on the platform.
- Spotify said it paid out over $10 billion to the music industry globally in 2024, marking the largest single-year payout by any retailer in music history.
- The report suggests that in the last year alone, Canadian artists earned nearly CAD $460 million in royalties on Spotify.
- Spotify reports that Canadian music revenue has grown by 129% over the past five years, reaching CAD $909 million in 2024 alone.
