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MBW’s Stat Of The Week is a collection wherein we spotlight an information level that deserves the eye of the worldwide music trade. Stat Of the Week is supported by music knowledge analytics agency Chartmetric.
Spotify has been publishing Loud & Clear stats in latest weeks that present the worth of royalties generated on its platform by artists from numerous particular person markets final yr.
At this time (Wednesday, Might 28), Spotify revealed that artists frommacross the EU area generated over €1.7 billion (USD $1.83bn) on Spotify in 2024, a 15% year-on-year enhance. Based on Spotify, that €1.7 billion determine for 2024 was almost double the overall of 2020 and greater than triple that of 2017.
The EU-wide stat follows yesterday’s information that Spotify has formally reached 100 million paying subscribers in Europe.
Spotify famous on Wednesday that 2024 was the second yr in a row that the streamer “captured artist royalty funds from throughout Europe at massive”.
Spotify launched different stats as a part of its EU-specific Loud & Clear knowledge set, together with that over 17,000 European artists generated over €10,000 ($10,800) on its platform final yr, with greater than 27,000 European artists producing over €5,000 ($5,400).
Spotify claims that it “continues to allow artists throughout Europe to make a residing from their artwork”.
“In 2024, EU artists generated a record-breaking €1.7 billion on platform alone – a determine that has virtually doubled since 2020.”
Federica Tremolada
In the meantime, Spotify’s EU report additionally highlighted a big stage of localized listening in Europe itself. Spotify says that 44% of all royalties generated within the EU have been from EU artists in 2024 – the very best stage because the platform’s knowledge information started (2017-2024).
Moreover, over half (57%) of all royalties generated by EU artists in 2024 have been by artists who carry out in a non-English language. Spotify reported that this was additionally the very best the platform has seen since its information started (2017-2024).
Spotify studies that seven of the highest 10 performing languages on its platform are European languages: Spanish, German, Portuguese, French, Italian, Dutch and Swedish.
As reported final week, for the primary time, Italian-language music joined the “$100 million-plus” membership final yr, that’s, these languages whose music generates at the least $100 million in royalties per yr.
Spotify additionally highlighted a bunch of stats from key European markets, together with:
France
Spotify studies that the variety of French artists who generated over €100,000 ($108,000) in royalties from Spotify alone in 2024 has greater than quadrupled since 2017, and greater than tripled since 2018.
French artists have been additionally chargeable for 70% of the tracks that have been featured on Spotify France’s Every day prime 50 in 2024, highlighting the ongoing development of localized listening preferences available in the market.
Germany
In 2024, German artists have been found almost 6.9 billion occasions on Spotify, in keeping with the platform, “with over half of all royalties generated in 2024 being unbiased artists or labels”.
Spotify reported earlier this month that royalties generated by German artists on Spotify reached $520 million in 2024, up 17% YoY.
Belgium
Spotify has additionally launched market-specific stats for Belgium, reporting that over 80% of all royalties generated by Belgian artists on Spotify in 2024 have been from listeners outdoors of Belgium.
The platform additionally reported that Belgian artists have been found by first-time listeners over 600 million occasions on Spotify final yr.
Denmark
Based on Spotify, 192 artists throughout Denmark generated greater than 500k DKK (USD $72,505) in royalties from Spotify alone in 2024.
Danish artists additionally generated over 334M DKK (USD $48.4m) in royalties from Spotify alone in 2024 – a quantity that Spotify studies has almost doubled since 2017 and elevated by 8% YoY from 2023 to 2024.
“Europe and European creators are a vital a part of Spotify’s DNA. That’s the reason we’re delighted to have a good time Spotify’s European Loud and Clear knowledge for the second yr operating – offering artists and creators throughout the EU and the world transparency across the economics of music streaming.”
Federica Tremolada
Commenting on the newest stats, Spotify’s Basic Supervisor of Europe, Federica Tremolada, stated: “Europe and European creators are a vital a part of Spotify’s DNA. That’s the reason we’re delighted to have a good time Spotify’s European Loud and Clear knowledge for the second yr operating – offering artists and creators throughout the EU and the world transparency across the economics of music streaming.
“In 2024, EU artists generated a record-breaking €1.7 billion on platform alone – a determine that has virtually doubled since 2020. We’re additionally excited EU creators are persevering with to transcend international borders, with over half of all royalties generated by EU artists that carry out in a non-English language.
“As Basic Supervisor for Europe, I’m particularly pleased with the progress we’ve made for feminine creators. Streams of feminine European artists have soared—up 83% globally over the previous 4 years—and thru our EQUAL program, greater than 200 European feminine artists have gained very important visibility, mentorship, and assist. These aren’t simply numbers; they signify actual girls, actual desires, and an actual shift in what it means to have a voice on this trade.”
“Being the primary and solely streaming service to share knowledge on artist remuneration, our European Loud and Clear knowledge is a core instance of how streaming continues to empower European artists and creators to surpass geographical confines – to develop international fanbases, consciousness and success.”
Elsewhere, in keeping with Spotify, European artists have been found virtually 28 billion occasions on Spotify in 2024, globally.
In the meantime, greater than 52,000 EU artists have been added to editorial playlists in 2024, up 4% YoY.
In complete, Europeans listened to European artists 351.66 billion occasions in 2024, in keeping with Spotify.
Additionally, near 830 million user-generated playlists in america in 2024 built-in European artists, adopted by Mexico (greater than 183 million playlists), and Brazil (near 148 million playlists).
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