The company's ability to leverage user data to curate individualised experiences exemplifies the potential of technology to transform how we engage with art.​ Daniel Ek's ascent to becoming wealthier than any musician in history is a narrative of strategic positioning and technological innovation.

Spotify on Wednesday released further details about its record $10 billion US in royalties in 2024 in its Loud & Clear report. The report comes amid the ongoing debate about how much money artists and songwriters actually receive in royalties and whether it is actually fair.

Spotify said that last year it paid out more than any other streaming service, however, more than half the artists still don't earn well.

STORY: Spotify says it paid a record $10 billion in royalties to artists in 2024.The streaming giant said that was the largest ever payout to the music industry in a single year. Of that total, nearly 1,

Spotify announced earlier this year that it paid out a record $10 billion-plus to the music industry in 2024, bringing its total to nearly $60 billion since its inception in 2006. The company - the world’s largest paid music-subscription service by a wide margin - maintains that it pays out 70% of every dollar it

Spotify paid the music industry $10bn (£7.7bn) in 2024, which the streaming service said was the highest annual payment from any single retailer in history. But the figures come as a heated debate continues about how much money artists and songwriters receive in royalties.