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Financial Times
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Spotify says it paid $10B+ in royalties in 2024, “the largest in music history”, making up 60%+ of its $17.13B+ 2024 revenue, with ~1,500 artists earning $1M+
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2020-01-23
Financial Times
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Amazon says Amazon Music has 55M users across six different price tiers, including a free tier, “nearly all” of which are paying subscribers
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2018-01-02
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Vevo says it broke even in 2017, with revenue rising 30% YoY to ~$650M, and expects to be profitable in early 2018
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2017-08-01
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Spotify passes 60M paying customers, adding over 20M so far in 2017, as sources say it plans for IPO on NYSE later this year
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