What you need to know • Spotify has released its annual "Loud and Clear" report — a comprehensive look at how artists have performed on the platform. • Spotify said it paid out over $10 billion to the music industry globally in 2024, marking the largest single-year payout by any retailer in music history. • The report suggests that in the last year alone, Canadian artists earned nearly CAD $460 million in royalties on Spotify. • Spotify reports that Canadian music revenue has grown by 129% over the past five years, reaching CAD $909 million in 2024 alone.

Spotify recently published its annual "Loud and Clear" report, in which it discusses the economics of music streaming every year. This year, Spotify said it paid out over $10 billion to the music industry globally in 2024, markin

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