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Spotify

Spotify2024

The Swedish streaming giant has revealed gross profits exceeding €1bn (£860m)

Spotify has reported record-breaking gross profits exceeding €1bn (£860m) following a year defined by cost-cutting measures and staff reductions. The Swedish streaming giant, which recently...

Spotify developing “remix” feature to allow users speed up, slow down and mash-up songs

The streaming giant reportedly hopes to “appeal to young users, while generating new revenue for artists”

Spotify is working on a “remix” feature that will allow users to speed up, slow down and mash up songs. As the Wall Street Journal...

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Next month, the Swedish streaming giant will increase the price of its individual premium service plan from £10.99 to £11.99

Spotify is set to raise its premium prices at the end of this month. Following its recent move to demonetise tracks with under 1,000 streams...

Spotify royalty changes April 2024

Customers could soon be paying for more services, according to reports

Spotify has officially demonetised all tracks with under 1,000 streams. The new policy came into effect for all artists in 1st April 2024. The revised...

spotify courses

The streaming giant has partnered with BBC Maestro, PlayVirtuoso, SkillShare and Thinkific

Spotify has announced it is adding video learning content to its streaming platform, including music instrument learning courses, music performance lessons, and music production tutorials...

James Blake Vault music streaming solution

"I'm going to be able to drop way more music"

James Blake has announced his affiliation with a new music platform, Vault. Presented as an alternative to streaming, the platform aims to give fans exclusive...

Living Wage for Musicians bill aims to increase streaming royalties for artists

Representatives Rashida Tlaib and Jamaal Bowman have introduced the bill to Congress, working together with the Union of Musicians and Allied Workers

A new bill aiming to increase streaming royalties to artists has been introduced to the United States Congress. Put forward by House Representatives Rashida Tlaib...

Streaming

158.6 million tracks fell short of the 1,000 mark while almost a quarter received no streams at all

86% of music on streaming platforms received fewer than 1000 plays in 2023. According to the 2023 year-end music report from Luminate – who measure...

Spotify CFO departure announced, days after $9.3m shares cash in and layoffs

The Swedish streaming giant's share prices surged after it laid off 1,500 employees last week

Spotify has announced that its chief financial officer, Paul Vogel, is leaving the company soon after he cashed in $9.3 million (£7.4 million) in shares...

Photo of the green Spotify logo

“To be blunt, many smart, talented and hard-working people will be departing us,” said the company’s CEO Daniel Ek

Spotify is laying off around 1,500 employees in an attempt to “reduce costs”, its CEO Daniel Ek has announced. In a memo shared to Spotify’s...

Spotify

Spotify will also target "functional" non-music noise with several new policies

Spotify has confirmed details of its new royalty policy, which will get rid of payments for tracks under 1,000 streams. The move forms part of...

Songs on Spotify will need 1,000 streams to make royalties from 2024

The Swedish streaming giant won't pay artists royalties for their music until they hit a minimum number of plays per year, new report confirms

Spotify will implement a minimum number of streams for artist payment next year, a new report confirms. Music Business Worldwide reports the Swedish streaming giant...

Spotify royalty model change 2024

Changes to minimum stream count and fraud policies could help redistribute $1billion 

Spotify is set to introduce a trio of significant changes to its royalty model, which the audio streaming giant hopes will ensure revenue reaches 'legitimate'...

Spotify Premium tier

The new tier includes lossless audio, 30 hours of audiobooks and advanced playlist filtering

Details of Spotify’s upcoming high-end subscription tier, called Super Premium, have leaked. According to details posted on Reddit, the long-rumoured hi-fi tier will feature a...

Spotify launches tool that lets artists pay to feature on homescreen, Showcase

Artists can now pay for a song or an entire album to appear as a mobile banner on the newly revamped homepage

Spotify has launched a new tool that allows artists to buy sponsored music placements on the site’s homepage. The streaming giant announced the new marketing...

Photo of the late Avicii wearing a black t-shirt against a black background

It’s the first song by a Swedish artist to surpass the milestone

Avicii’s ‘Wake Me Up’ has reached two billion streams on Spotify, a decade after its release. The track, released by the late producer in 2013...

Rihanna becomes first female artist to have 10 songs reach one billion streams on Spotify

She's made history despite releasing little new music since her last album in 2016

Rihanna has become the first female artist to have 10 songs reach one billion streams each on Spotify. The Barbados-born singer has achieved the feat...

Two phones showing Spotify library and search functions

The plan is suggested to include long-awaited HiFi audio and expanded audiobook access

Spotify is rumoured to be launching a more expensive subscription tier on its platform by the end of 2023. Bloomberg reported yesterday (20th June) that...

Spotify AI

The generative AI-powered "personalized listening experience" features a "stunningly realistic AI voice"

Spotify’s AI DJ has launched in the UK and Ireland, after having arrived in the US and Canada earlier this year. Available to premium users...

Close-up shot of person DJing

Acts spend more than they make from streams, sales, sync and other music revenue streams combined

New research has found that 75% of artists make a loss when they release music. PIRATE.COM, a global music studio that hosts 350,000 artists worldwide...