BENGALURU (Jan 28): Spotify said on Wednesday it had paid out more than US$11 billion (RM43.11 billion) to the music industry last year, adding that it was the largest annual payment to music from a retailer in history. YouTube said in October it had paid out more than US$8 billion to the music industry in the 12 months between July 2024 and June 2025. "Since Spotify pays out two-thirds of all music revenue to the industry — almost 70% of what we take in — as Spotify revenues grow, music payouts have grown as well," the blog said. The company reinvests the money it keeps into the platform, it said, as it looks to grow various content formats such as podcasts, videos and audiobooks. Spotify recently raised the prices for its premium subscription plans in several markets to boost profits and leverage its large user base to drive growth.

Source: The Edge Markets January 28, 2026 14:53 UTC