Tag: spotify

Spotify reported its first full year of profitability in 2024, with revenue rising 16% year-over-year to €4.2 billion and operating income reaching €477 million. Monthly active users grew 12% to 675 million, while subscribers increased 11% to 263 million.

Spotify paid a record $10 billion to the music industry in 2024, bringing its total payouts since 2006 to nearly $60 billion. The company estimates that over 10,000 artists now earn at least $100,000 annually on its platform, a significant…

Spotify and Universal Music Group have signed a multi-year deal to expand subscription tiers, bundled offerings, and audiovisual content, aiming to boost fan engagement and monetization. A new direct license with Universal Music Publishing Group enhances songwriter royalties, while Spotify…

Drake’s feud with Kendrick Lamar just went full R.I.C.O. as he sues Universal Music Group for allegedly juicing streams of Lamar’s diss track Not Like Us with bots and payola. UMG fired back, calling the claims “contrived fairytales,” but it…

Edison Podcast Metrics reports YouTube as the top platform for weekly podcast listeners aged 13+, capturing 31% of users compared to Spotify's 27% and Apple Podcasts' 15%. YouTube's rise is driven by video podcasting, which Gen Z favors for enhanced…

Spotify has launched "Spotify for Creators," a new platform enhancing video and monetization options for podcast creators. This update adds tools for hosting, analytics, short-form video uploads, and revenue from Premium subscriber views and dynamic ads. Spotify aims to grow…

We've been saying that platform taxes are a growing pain point for streaming companies, and Disney’s latest move proves it. Disney+ and Hulu have removed in-app subscription options from Apple’s App Store, directing users to sign up via their website…

Spotify is expanding its music video feature for premium users to 85 additional markets after initial testing in select regions earlier this year. Music videos are now available on both mobile and desktop, with a seamless toggle between audio and…

Cineverse is partnering with Spotify to bring over 70,000 free TV shows and movies to the platform, including popular programs and stand-up specials. This move diversifies Spotify’s media offerings beyond audio, following its successful integration of video podcasts. Cineverse's rapid…

Spotify reached 246 million paying subscribers in Q2 2024, a 12% increase year-over-year, surpassing guidance by 1 million. The company introduced a lower-cost ad-free plan and saw reduced churn with recent price increases. Monthly active users grew to 626 million,…