REPORT: SPOTIFY PAYMENTS TO EUROPEAN ARTISTS UP 16%
Spotify says European artists generated nearly €1.5b on its platform last year, up 16% year over year and triple the revenue recorded in 2017.
European artists account for around 18% of the $9b+ Spotify paid to the global music industry in 2023, as revealed in its annual Loud & Clear report.
Last year, more than 15k European artists generated more than €10k, according to Spotify, with more than 25k generating more than €5k.
The streaming platform says 44% of all royalties generated in the EU were from local artists, which is reportedly the highest level since its records began in 2017. More than half of all royalties (55%) generated by EU artists were by those who perform in a language other than English.
In May, Spotify published its payout stats for Europe’s biggest market, the U.K., and said that British artists generated £750m (€889m) in royalties in 2023.
Now pass the crumpets and turn up that Mrs. Mills playlist.
CALL MY AGENT:
JOHN MARX His first concert was Buffalo Springfield at the Indio Date Fair. (9/15a)
 HITS' FIRST LIVE ISSUE TAKES THE STAGE THIS FALLWe're manning the merch table. (9/13a)
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THE GRAMMY SHORT LIST
Who's already a lock?
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
ALL THE WAY LIVE
The players, the tours, the enormous beers.
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