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Posted 09/05/2024 12:49pm

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Royalties rise high,
Aussie artists on the wave,
Spotify's tide sways.

In partnership with
Salesforce ThinkNewsBrands

Spotify's Aussie artists see 10% rise in royalties, finds Loud & Clear report

Spotify Australia second annual Loud & Clear report has highlighted that Australian artists generated nearly AUD 275M in royalties from Spotify in 2023, marking a 10% increase from 2022.

The report outlined that over 80% of all royalties generated by Australian artists on Spotify came from listeners outside Australia, including the U.S., UK, and Germany. More than 4,000 Australian artists were added to Spotify's editorial playlists in 2023, and Australian artists were discovered by first-time listeners more than 2.7 billion times globally.

Approximately half of all royalties generated by Australian artists on Spotify in 2023 were by independent artists. This is significant as 2023 marks the first year that independent artists accounted for about half of what the entire industry generated on Spotify globally, which totalled over $9B.

"Artists deserve clarity and transparency on the economics of music streaming. There’s more money in the music industry than ever before and the data we shared today from our latest Loud & Clear report shows that more and more artists are sharing in that revenue and building careers," said Spotify Australia Head of Music, Alicia Sbrugnera. "The Australian music industry has completely transformed in recent years and Spotify has been a significant and consistent driver of that transformation. We have proudly championed Australian artists for 11 years through editorial programming, best-in-class data and marketing tools, and partnerships for artist education, all driven by our local music team. With nearly $275M AUD in royalty payments in 2023 and a growth of almost 10% since 2022, it is clear that streaming has been a key factor in the Australian music industry becoming bigger than it has ever been."

Spotify Australia, operating for 11 years, has been advocating for Australian artists through editorial programming, data and marketing tools, and artist education partnerships.

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