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Tag: Spotify

Spotify launches custom transitions to enhance playlists
News

Spotify pays $10bn to music industry in 2024

Global audio streaming giant Spotify announced on Tuesday that it paid $10 billion to the music industry in 2024, bringing its total payouts since inception to nearly $60 billion. The company emphasized this milestone as part of its effort to counter claims that it inadequately compensates artists for their work. Spotify clarified that the payouts […]

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

Spotify co-founders rake in $900m as stock soars

Spotify co-founders Daniel Ek and Martin Lorentzon have cashed in a combined $900 million in stock payouts this year, following a remarkable surge in the streaming giant’s market value, which has approached $100 billion. This rise marks an extraordinary recovery from previous years when the company’s valuation had dropped below $20 billion. According to filings […]

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

Spotify eyes $1.5bn annual profit

Spotify is set to achieve a milestone $1.5 billion operating profit for 2024, marking the streaming giant’s first-ever profitable full year. According to the company’s third-quarter financial report, released on November 12, Spotify’s strong performance is largely driven by significant growth in premium subscriptions and ad-supported revenue. As of the end of Q3 2024, Spotify’s […]

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

Spotify expands music video testing to 85 new markets

Spotify announced today that it is expanding its testing of music videos to 85 additional markets for premium users. This follows an initial trial launched in March, which included a limited rollout in 11 countries, such as the U.K., Germany, Italy, the Netherlands, Poland, Sweden, Brazil, Colombia, the Philippines, Indonesia, and Kenya. Egypt was added […]

Spotify launches custom transitions to enhance playlists
News

Spotify raises premium subscription prices by over 40%

Online audio streaming platform Spotify has announced a significant price increase for its Premium subscribers, raising fees by more than 40%. Starting in November, the monthly cost for the Premium Individual plan will rise from ₦900 to ₦1,300. The company stated that this adjustment is necessary to support ongoing innovations and enhancements to its product […]

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 launches custom transitions to enhance playlists
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 launches custom transitions to enhance playlists
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 launches custom transitions to enhance playlists
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 launches custom transitions to enhance playlists
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 launches ‘Upcoming Releases’ hub to track new albums
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 […]

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