Spotify has revealed that it paid $7 billion (£5.3 billion) to artists last year. The news was published through its Loud and Clear website, which aims to “increase transparency” around payments (note inverted commas...).
The streaming giant said that 56,200 musicians received more than $10,000 (£7,500) from Spotify last year and 130 of these were paid more than $5m (£3.8m). However, the figures shared don’t include the final figure the artist receives once labels and publishers have taken their share, which means the money they receive is often much lower. Songwriters and session musicians receive even less, as we've discussed previously. Anyway, don't let our reporting on Spotify put you off the awesome internship opportunity with them below – change comes from those within the company, after all. Via multiple outlets