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Tag: Spotify

Apple enables Spotify users to purchase audiobooks on app
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 […]

Russian court fines Apple over alleged LGBT violations
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 shares slide to 7% despite subscriber rise
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 […]

X lifts search ban on Taylor Swift
News Tech

Taylor Swift, Miley Cyrus lead Spotify 2023 Wrapped

Spotify has unveiled its yearly Wrapped campaign, which includes delivering individualized statistics for top-streamed artists, albums, songs, and podcasts for 2023. This year, Taylor Swift has surpassed Bad Bunny, who had held the title for the previous three years, to become the most streamed artist globally on Spotify. Alongside Drake, Morgan Wallen, The Weeknd, and […]

Spotify unveils 2023 Wrapped
News Tech

Spotify unveils 2023 Wrapped

Streaming platform, Spotify on Wednesday launches the Spotify Wrapped which gives every user the opportunity to relive the songs, albums, and performers that impacted them. Spotify Wrapped is still one of the most enjoyable products that the company has come up with, and now in its ninth year, it’s looked forward to with much anticipation. […]

Spotify shares slide to 7% despite subscriber rise
Business

Spotify to boost musicians’ revenue by $1bn

The massive streaming service, Spotify has stated that it intends to generate an extra $1 billion in revenue for both professional and up-and-coming musicians on its platform over the next five years. This was announced by Spotify on Tuesday, November 21, in a blog post outlining the several measures in progress to improve its support for […]

Spotify shares slide to 7% despite subscriber rise
Business

Nigeria is Africa’s second-largest podcast consumer – Spotify

Nigeria is Africa’s second-largest podcast consumer, according to global streaming service Spotify. According to The Times, in celebration of International Podcast Day,  Spotify’s podcast manager for Sub-Saharan Africa, Ncebakazi Manzi, made this declaration. He claimed that over the previous two years, the number of podcast listeners in Nigeria has grown exponentially, rising by 222% between 2021 and […]

Apple enables Spotify users to purchase audiobooks on app
News Tech

Spotify explores AI-powered voice translation for podcasts

Spotify Technology is exploring a tool driven by AI that would translate podcasts into other languages, the audio-streaming platform said on Monday. The goal is the Swedish company’s most recent effort to capitalise on generative artificial intelligence, the technology that has become extremely popular since ChatGPT’s emergence, in order to get new customers and increase […]

Spotify launches ‘Upcoming Releases’ hub to track new albums
News Tech

Spotify launches Songwriter Promo Cards for upcoming artists

Spotify on Thursday introduced the “Songwriter Promo Cards,” a promotional tool for songwriters to advertise their songs and attract new listeners and possible collaborators. On promocards.byspotify.com, songwriters may build customisable social media assets known as songwriter promo cards. Songwriters look up their names, pick their profiles, and select backgrounds that match their style. The promotional […]

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

Spotify removes song lyrics option for free users

Streaming platform, Spotify has disclosed that it has begun testing a feature that prevents certain of its free customers, including Nigerians, from seeing song lyrics. To that end, some users of Spotify’s free tier received an email that read, “Enjoy lyrics on Spotify Premium.” According to Spotify PR executive, CJ Stanley, this adjustment is “just […]

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