Spotify has announced that its lifetime payments to the music business have now topped $5bn.
The news came as the streaming platform confirmed its invite-only launch in Japan.
What’s particularly interesting about the new milestone is that it was only 15 months ago – in June 2015 – that Spotify announced it had paid the music business $3bn in total.
Across the intervening 15 month period, then, Spotify has shelled out a monthly average of $133.3m to rights-holders, or around $4.4m every single day.
Using that monthly average, we can estimate that Spotify has paid rights-holders comfortably in excess of $1.2bn in the nine calendar months of 2016 so far alone.
These are most definitely conservative estimates, as 2016 has seen Spotify accelerate its subscriber base like never before.