A new milestone for Spotify yesterday: $3bn of royalties paid out to music rightsholders since its service launched in 2008, with $300m paid out in the first quarter of 2015 alone. Time to look back at the company’s payout announcements in the past: in December 2013 Spotify said it had paid out $1bn since its launch in 2008, then in November 2014 it revealed it had passed the $2bn mark (in CEO Daniel Ek’s blog post addressing the Taylor Swift pullout). Now it’s hit $3bn, so with $300m of that coming in the first quarter of 2015, and possibly another $200m or so in the last two months of 2014, that suggests Spotify could have paid out $500m in the second quarter (so far) of 2015. Needless to say, the milestone’s announcement is timely, with Apple due to unveil its new streaming service
Spotify hits $3bn of rightsholder payments after $300m in Q1
