Back at square one: Crowdcube co-founder Darren Westlake embarks on bold new venture following exit September 9, 2024 Two decades ago, Darren Westlake set out to transform startup funding in the UK with the launch of Crowdcube. Fast forward 20 years and the entrepreneur finds himself in a familiar position – back at square one – after stepping down as CEO of the platform last year to “start again.” His new project, Disco, [...]
Spotify: UK adverts boom helps sales and profit surge August 20, 2024 Profit at the UK arm of Spotify increased thanks to its revenue jumping closer to the £300m during its latest financial year, it has been revealed. The music streaming giant has reported a pre-tax profit of £22.3m for 2023, according to newly-filed accounts with Companies House. The total comes after Spotify posted a pre-tax profit [...]
Popular ‘daylist’ helps Spotify grow monthly users and subscribers July 23, 2024 A rise in subscribers helped push profit over the €1bn (£842m) mark for the second quarter in a row.
Click a Snap eyes AIM listing to help it pay its users for content June 24, 2024 A fledgling social media site that pays its contributors whenever someone views their images is hoping to take on the likes of Instagram and Tiktok as it explores a London float that could see it valued at £25m.
The Notebook: Brexit has been a failure, and politicians can’t ignore it forever May 7, 2024 James Chapman, director of Soho Communications, takes the Notebook pen to talk Brexit, music and PR lessons from Ed Balls.
Spotify rises after smashing records just months after layoffs April 23, 2024 Spotify shares jumped over 12 per cent on Tuesday after it broke a profit record in its first quarter, surpassing one billion euros (£860m) for the first time.
Spotify to hike price of ad-free premium service to almost £12 April 9, 2024 A Spotify spokesperson told City A.M. they did it “so that we can keep innovating and delivering value to fans, the music industry, and creators on our platform, we occasionally update our prices".
Spotify exec: The UK must break Apple’s stranglehold on new tech April 4, 2024 Apple's anticompetetive conduct is holding consumer choice in a stranglehold. The Digital Markets Bill has the power to break it.
‘The superstars are getting smaller’: Why emerging artists are Spotify’s golden ticket March 23, 2024 Despite industry concerns about the viability of these platforms as a way for small artists to make money, according to Spotify’s yearly report into music streaming Loud & Clear - it's starting to actually make money.
EU set to fine Apple €500m over music streaming misconduct February 18, 2024 The European Commission is reportedly due to hit Apple with its first ever fine against the company following an antitrust investigation into its music streaming business.