Spotify announced Wednesday that the company now accounts for roughly one-third of the music industry’s recorded music revenue, further cementing its position as the world’s largest music streaming service.  The company emphasized that it made the largest single-year payout to the music industry by any retailer ever, with revenue having doubled since 2017."Today, Spotify accounts for roughly 30% of recorded music revenue," Head of Music Charlie Hellman said. "Last year, our payouts grew by more than 10%, while other industry income sources grew by closer to 4%, making Spotify the primary drive...

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