Nigeria, March 13 -- Spotify has released its latest Loud & Clear report, sharing details about its royalty payments to artistes and the music industry.

The company, which previously announced a $10 billion payout in 2024, presented new figures to address concerns that it does not adequately compensate musicians.

For the first time, an artiste with one stream per million on the platform reportedly earned over $10,000 in 2024-ten times more than a decade ago.

Spotify claimed that its payouts have improved, with the number of artists generating royalties tripling since 2017.

It also reported that more than 1,500 artists earned over $1 million last year, while thousands of others saw their earnings increase.

Despite these numbers, many ...