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Tag: Spotify

Spotify launches 'Concerts Near You' playlist for event discovery
News

Spotify restores service after brief outage

Audio streaming platform Spotify on Sunday, experienced a significant outage that lasted approximately three hours, impacting over 40,000 users in the United States at its peak, according to Downdetector.com. The service, which monitors outages using various sources such as user reports, indicated that by 3 p.m. ET (1900 GMT), fewer than 600 users were still […]

Spotify expands audiobook, lure authors with with new publishing program
News Tech

Spotify to update iOS App in EU with new prices

Spotify will update its app on Apple devices in the European Union starting Wednesday to include pricing details for its various plans and services. This move comes more than three months after Apple initially rejected Spotify’s request due to non-compliance with its Music Streaming Services Entitlement. The update will enable Spotify to display pricing information […]

Spotify pays $10bn to music industry in 2024
News

Spotify surpasses expectations as shares rise to 14%

Spotify has emerged as a standout success story with its recent earnings report igniting a significant surge in its stock value in the digital streaming services sector. On Tuesday, the company announced robust second-quarter results that surpassed expectations across key financial metrics, propelling its shares to a remarkable 14% increase in early trading—a performance not […]

Spotify pays $10bn to music industry in 2024
News

Spotify launches podcast comments to enhance interactions

Spotify has unveiled a new interactive feature, podcast comments, aimed at fostering deeper engagement between listeners and creators. Starting this week, listeners can leave comments on episode pages that support the feature, marking a significant move to cultivate community interaction within the platform. This latest addition positions Spotify in direct competition with platforms like YouTube, […]

Spotify pays $10bn to music industry in 2024
News

Spotify pays Nigerian artists N25b royalties

Music streaming platform, Spotify, has unveiled that it disbursed over N25 billion in streaming royalties to Nigerian artists throughout 2023. This significant disclosure was made within the pages of its annual Loud & Clear report, a comprehensive analysis focusing on the Nigerian music market. According to Spotify’s report, the earnings for Nigerian artists in 2023 […]

Spotify pays $10bn to music industry in 2024
News

Spotify ventures into music videos, targets premium subscribers

Spotify is making a significant leap beyond its traditional audio offerings by introducing music videos. The streaming giant is launching a beta program that grants premium subscribers access to music videos across mobile, desktop, and TV platforms for a curated selection of tracks by popular artists like Ed Sheeran and Ice Spice. Sten Garmark, Spotify’s […]

Spotify introduces $9.99 audio subscription for free users
Tech

Spotify introduces $9.99 audio subscription for free users

Spotify has unveiled a new $9.99 per month option for its audiobooks subscription and introducing the “Audiobooks Access Tier” for its free users in the U.S. This option allows free users to access Spotify’s extensive audiobooks collection, comprising over 200,000 titles, while continuing to stream music and podcasts on the ad-supported service. The Audiobooks Access […]

Spotify pays $10bn to music industry in 2024
Tech

Spotify surpasses 600m users

Spotify, the music streaming giant on Tuesday, announced that it has surpassed 600 million monthly users by the end of 2023. Furthermore, the company expressed optimism about achieving profitability in the first quarter of 2024. “Spotify had a very strong quarter, rounding out a great year of truly remarkable growth across the company,” the Chief […]

EU regulators to fine Apple over rift with Spotify
News Tech

EU regulators to fine Apple over rift with Spotify

Regulators in the European Union are set to fine Apple and restrict its App Store policies that control some music-streaming services, Bloomberg News reported on Wednesday. According to Bloomberg News, EU authorities are finalizing a verdict that would forbid Apple’s practice of preventing music providers from discouraging their customers from switching from the App Store […]

Warner Bros Discovery to host Spotify podcast
News Tech

Warner Bros Discovery to host Spotify podcast

Warner Bros Discovery announced on Tuesday that, as part of its monetization push, the media conglomerate’s podcasts will be hosted by the massive music streaming service Spotify. Warner Bros. Discovery will host its podcasts on Spotify’s enterprise podcast platform, Megaphone, which will be monetized through Spotify Audience Network. Launched in 2021, the audience network is […]

Spotify pays $10bn in royalties to artists, others
Business

Spotify to fire 1500 employees over economic hardship

Music streaming service, Spotify, plans to lay off roughly 17% of its global workforce in a subsequent round of layoffs due to the slowing economy. The Times reported that this number, according to the streamer’s CEO, Mr. Daniel Ek, corresponds to about 1,500 of its 9,000 employees. Although the Swedish company Spotify stated earlier in January that […]

Spotify to sack 17% staff members
News

Spotify to sack 17% staff members

    Spotify has announced plans to decrease its workforce by approximately 17% as part of cost-cutting measures due to significantly slower economic growth. Despite posting a rare quarterly operating profit of 32 million euros in October (contrasting with a 228 million loss from the previous year), the company aims to reduce expenses amid this […]