Ethan Millman / The Hollywood Reporter:

Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue  —  Spotify head of music Charlie Hellman called payouts “the largest annual payment to music from any retailer in history.”

Ethan Millman / The Hollywood Reporter:

Spotify paid out $11B+ to the music industry in 2025, up 10% YoY, bringing its all-time payments to $70B, and now accounts for ~30% of recorded music revenue  —  Spotify head of music Charlie Hellman called payouts “the largest annual payment to music from any retailer in history.”