We estimate that there are around 200,000 professional or professionally aspiring recording acts globally. **Spotify’s % of recorded music revenue calculated based on IFPI’s 2023 Global Music Report. *$40 billion includes both recording and publishing royalties. Spotify accounts for more than 20% of global recorded music revenue (up from less than 15% in 2017).** For a rough estimate, you can multiply the Spotify revenue by four to approximate how much artists generated from all recorded revenue sources in 2022. There are also physical sales, touring, merch, sync, or other sources. Spotify is one of many music streaming services that generate revenue for the music industry, and streaming only makes up a portion of all industry revenues. These figures only represent a part of the picture. To put those numbers in context, click a dollar amount below to see how many artists globally generated at least that amount - across recording and publishing for their catalog - for each of the past six years on Spotify.
As of 2022, Spotify’s all-time payouts to the music industry are approaching $40 billion.*
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