Spotify Technology S.A. is a leading digital music streaming service that allows users to access a vast library of songs, podcasts, and other audio content from around the world
The platform offers personalized playlists, curated music recommendations, and the ability to create and share user-generated playlists, all contributing to an engaging audio experience. With both free and premium subscription tiers, Spotify aims to make music accessible to a wide audience while also supporting artists through various monetization models. As a pioneer in the streaming industry, Spotify continually innovates its offerings to enhance user experience and expand its global reach.
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In 2024, Spotify reached a new milestone, paying $10 billion in royalties to the music industry, a tenfold increase over the past decade. This growth benefits both major streaming services and artists, fostering greater diversity and global exposure, especially for female artists.
