The subscription service has paid $3 billion of royalties since launching in October 2008.
Spotify may have its critics, but the embattled music subscription service can routinely point to growing pile of royalties it has paid to rights holders. Billboard has learned the music subscription company paid out $300 million to rights holders in the first quarter of the year. To the present day, Spotify has now paid $3 billion in royalties since the company launched in October 2008.
This means one-tenth of Spotify's total payouts came in a single, three-month period, the company's 26th of 27 quarters in operation. The latest $1 billion comes six months after Spotify announced its payouts had reached $2 billion in November. A year earlier, in December 2013, the company announced it had paid out $1 billion in the roughly five years since its launch.
What's more, Spotify appears to have accounted for a sizeable portion of global subscription revenue since its launch. Consider global subscription revenues from 2009 to 2014. According to IFPI reports, global revenue totaled $5.05 billion from 2009 to 2014. Recorded music revenues were $4.4 billion of that sum. Corresponding publishing revenues were in the neighborhood of $640 million, which assumes publishers got 10.5 percent of services' income and content costs accounted for 72.5 percent of services' income. (The standard 70 percent number was adjusted upward because Spotify's content costs have well exceeded 70 percent.)