“Since Spotify pays out two-thirds of all music revenue to the industry – almost 70% of what we take in – as Spotify revenues grow, music payouts have grown as well. “
replyhttps://newsroom.spotify.com/2026-01-28/2025-music-industry-...
That’s not that far off from 80%.
It's not evenly distributed. Big labels get much better payouts per listen than independent artists
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