With the Grammy Awards looming, Spotify wants to remind the industry that it has been at the forefront of its renaissance. The streaming audio giant said Tuesday that it paid out $10 billion to the music industry in 2024, a new record high. And it has paid out a collective $60 billion since its founding a decade ago.

Spotify says it paid $10 billion to the music industry in 2024, which is 10 times as much as it paid out in 2024.

While that figure may seem questionable considering how little many musicians make from streaming, it's important to bear in mind that Spotify (like most streaming services) pays

Spotify paid out a record $10 billion to the music industry. This brings it to a total of nearly $60 billion since its inception. Today, the company has more than 500 million paying listeners across all music streaming services.