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The Swedish streaming giant has added seven million subscribers and achieved record profitability in the last three months

Spotify has revealed record-breaking profits and a significant increase in subscribers in its latest quarterly report. In April, the company revealed record gross profits exceeding...

Spotify to introduce more expensive subscription tier with high-fidelity audio

It could reportedly cost an extra $5 per month for subscribers who opt in

Spotify is reportedly planning to introduce a new, more expensive subscription tier featuring high-fidelity audio. While the streaming platform has not yet publicly confirmed the...

Spotify premium prices increase in the US for second time in a year

The company says the hikes will happen so that it "can continue to invest in and innovate on our product features"

Spotify is once again raising the prices of its Premium subscription tiers in the US. A blog post shared by the company this week said...

Spotify CEO claims "the cost of creating content" is “close to zero”

Musicians and music fans have hit back at Daniel Ek's comments, pointing out the many challenges associated with forging a career as an artist

Spotify CEO Daniel Ek has riled some musicians and music fans around the globe after comments he shared online in which he said "the cost...

Spotify will pay songwriters $150 million less next year, report estimates

This is despite the streaming platform recently increasing its monthly subscription charges by $1

Spotify will pay songwriters and publishers approximately $150 million less next year than they have done previously, a new report by Billboard has estimated. The...

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...

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“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...