Even Spotify is mostly owned by US investors and pays out most of the money to US music companies and recently to US podcasters.
Unfortunately, Europe strongly embraces socialism [1] and is hostile to entrepreneurs. According to a study [2]:
"Western Europe is shown to underperform in all four measures of high-impact Schumpeterian entrepreneurship relative to the U.S. Once we account for Europe’s strong performance in technological innovation, an “entrepreneurship deficit” relative to East Asia also becomes apparent. This underperformance is missed by most standard measures. Finally, we also find that China performs surprisingly well in Schumpeterian entrepreneurship, especially compared to Eastern Europe."