Canadian artists are flourishing as Spotify reaches a landmark $10 billion payout to the music industry.


Key Highlights

  • Spotify has unveiled its annual “Loud and Clear” report, providing a detailed overview of artist performance on the platform.
  • The streaming service announced it disbursed over $10 billion to the global music industry in 2024, representing the highest single-year payout from any retailer in music history.
  • This year’s report indicates that Canadian artists earned approximately CAD $460 million in Spotify royalties within the last year.
  • Spotify reveals that Canadian music revenue surged by 129% over the past five years, reaching CAD $909 million in 2024 alone.

Recently, Spotify published its annual “Loud and Clear” report, which reviews the economics of music streaming each year. For 2024, Spotify reported that it paid out over $10 billion to the music industry globally, marking an unprecedented single-year payout.

The report highlights that nearly 1,500 artists earned over $1 million solely from Spotify in 2024, with 80% of these artists lacking a presence on the Spotify Global Daily Top 50 chart. This illustrates that even without a mainstream hit, artists can generate substantial revenue.