Spotify updated its annual loud and clear report on Wednesday, touting figures the streaming service says reflects an increasingly global music industry as creators from all over the world are spawning more hits.
In the report, Spotify said artists from 75 different countries had generated at least $500,000 in streaming royalties last year, compared to 66 the year prior, with about half of an average artist’s streams now coming from outside their home country.
“It’s been exciting to watch the business transform over the last 20 years and help music become less centralized,” Joe Hadley, Spotify’s global head of music partnerships and audience, tells The Hollywood Reporter in an interview. “There’s the superstars here, but also the emerging artists and the layer up that can earn a living, and there’s also the globalization of music that has happened alongside it.”
Related Stories
...Keep reading this article on Hollywood Reporter.
