Spotify doubles down on $11-billion music industry payout

Back in the early 2010s, the music industry was at a low point.Piracy was rampant. Compact disc sales were on a steady decline. And the then-new audio streaming services, like Spotify, were taking hits from creators for paying low royalty rates.Today, Spotify has grown into the world’s most popular audio streaming subscription service and the highest-paying retailer globally — paying…