Independent artists and labels enjoyed record year on Spotify in 2023 – report
Independent artists and labels have experienced a record year on Spotify as streaming puts the “power back into the hands of fans and listeners”, according to a report.
DIY artists and artists signed to independent record labels generated nearly 4.5 billion dollars (£3.53 billion) on the music streaming platform in 2023, figures in Spotify’s annual report, Loud And Clear, have shown.
The streamer said this marks the first year independents accounted for around half of what the entire industry generated
