Spotify releases its annual music economics report: These Canadian artists came out on top
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The report also shared more interesting data about music streaming in Canada:
Last year, 92 per cent of all royalties generated by Canadian artists on Spotify came from listeners outside of Canada.
Nearly 15M hours of Canadian music are streamed every day around the world
Canadian artists are featured on 2.4 billion user playlists globally, ranking as the third-most featured country in the world.
Québécois artist Patrick Watson's 'Je te laisserai des mots' was the most popular Francophone track on Spotify in 2024. It was also the first French-language track to pass a billion streams.
Over 40 per cent of the Canadian artists who broke the $1M mark in 2024 on Spotify are women, or perform in groups with both male and female members.
Nearly 40 per cent of all royalties generated by Canadian artists on Spotify in 2024 were by independent artists or labels.
Recorded music revenue in Canada grew 129 per cent between 2014 and 2024, from $397M CAD to $909M CAD. Audio streaming now accounts for nearly 79 per cent of total recorded music revenue, with the majority from paid subscriptions like Spotify Premium.
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