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
The Swedish streaming giant has revealed gross profits exceeding €1bn (£860m)
The streaming giant reportedly hopes to “appeal to young users, while generating new revenue for artists”
Next month, the Swedish streaming giant will increase the price of its individual premium service plan from £10.99 to £11.99
Customers could soon be paying for more services, according to reports
The streaming giant has partnered with BBC Maestro, PlayVirtuoso, SkillShare and Thinkific
"I'm going to be able to drop way more music"
Representatives Rashida Tlaib and Jamaal Bowman have introduced the bill to Congress, working together with the Union of Musicians and Allied Workers
158.6 million tracks fell short of the 1,000 mark while almost a quarter received no streams at all
The Swedish streaming giant's share prices surged after it laid off 1,500 employees last week
“To be blunt, many smart, talented and hard-working people will be departing us,” said the company’s CEO Daniel Ek
Spotify will also target "functional" non-music noise with several new policies
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
Changes to minimum stream count and fraud policies could help redistribute $1billion
The new tier includes lossless audio, 30 hours of audiobooks and advanced playlist filtering
Artists can now pay for a song or an entire album to appear as a mobile banner on the newly revamped homepage
It’s the first song by a Swedish artist to surpass the milestone
She's made history despite releasing little new music since her last album in 2016
The plan is suggested to include long-awaited HiFi audio and expanded audiobook access
The generative AI-powered "personalized listening experience" features a "stunningly realistic AI voice"
Acts spend more than they make from streams, sales, sync and other music revenue streams combined