Spotify announced on Wednesday that the company now accounts for about a third of the music industry’s recorded music revenue, further cementing its position as the world’s largest. music streaming service.

The company highlighted that it made the largest single-year payout to the music industry by any retailer, with revenue doubling since 2017.

“Today, Spotify accounts for approximately 30% of recorded music revenue,” said head of music Charlie Hellman. “Last year, our payments grew by more than 10%, while other sources of revenue in the industry grew closer to 4%, making Spotify the leading driver of industry revenue growth in 2025.”

He noted that Spotify has paid out more than $11 billion to the music industry, the largest annual payout of any retailer, bringing the company’s total payouts to nearly $70 billion.

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The Spotify website on a smartphone held in the Brooklyn borough of New York on Friday, July 22, 2022. (Gabby Jones/Bloomberg via Getty Images/Getty Images)

The platform’s historic milestone has allowed more artists to earn six figures annually from Spotify alone. Independent artists and labels specifically accounted for half of all royalties.

In the announcement, Hellman also listed new areas of focus and products to look forward to, including efforts to increase discoverability amid a saturated market, combat artificial intelligence exploitation against artists, and drive ticket sales for live performances.

“Our number one priority is to help more new music and new artists cut through the noise and form real connections with fans,” Hellman said.

“With more than 100,000 new songs released daily, rivaling the entire history of recorded music, emerging artists face an unprecedented challenge in building the early fan base that every successful career needs,” he added.

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Spotify’s Charlie Hellman speaks on stage during Spotify Investor Day at Spring Studios on March 15, 2018 in New York City. (Ilya S. Savenok/Getty Images for Spotify/Getty Images)

To protect artists’ identities amid the rise of AI-generated content, Spotify said plans to upgrade its song credit and verification systems.

“Artificial intelligence is being exploited by bad actors to flood streaming services with low quality to game the system and try to siphon off royalties from genuine artists,” Hellman said. “Therefore, we will introduce changes to the artist verification, song credit and artist identity protection systems.”

A musician and sound engineer mixing a new album inside a boutique recording studio. (iStock/iStock)

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In addition, the music platform will launch SongDNA for fans to see who worked on a song; deploy new tools to help convert listeners into ticket buyers; and introduces human music editors to balance algorithmic playlist recommendations.