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Evening Standard
Evening Standard
Business
Lauren Del Fabbro

Spotify breaks record with largest annual payout reaching 10 billion dollars

Spotify Taylor Swift

Spotify has broken the record for the highest annual payment to the music industry from any single retailer with a 10 billion US dollar (£7.7 billion) payout, new figures show.

The 2024 figure was revealed in the streaming provider’s 2025 Loud And Clear report, after 2023 saw the streaming provider pay out more than nine billion dollars (£6.9 billion) to the music industry.

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