Always one to project its creator-friendly bonifides, Spotify issued a statement this morning saying that the streamer paid out $9 billion to the music industry in 2023. The company has released this figure the past few years in the context of mounting criticism that artists on the platform are not adequately compensated for their music. Spotify also recently announced major changes to its royalties system, including a new policy in which only songs that get at least 1,000 streams annually earn royalties, which the company says is intended to get more money into the pockets of working artists.
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