Music to Spotify’s ears: Watchdog says streaming intervention not needed November 29, 2022 The competition regulator said it will not intervene in the music streaming market, deeming the industry valuable to both artists and consumers. In its final report published this morning, the Competition and Markets Authority (CMA) found that consumers actually benefited from digitisation and competition between music streaming services. Prices for consumers have fallen by more [...]
Spotify calls out ‘kafkaesque’ App Store regulations in its audiobook push October 26, 2022 The boss of Spotify has criticised Apple for stifling its big break into audiobooks, calling its rules around customer access “kafkaesque”. The music streaming firm first announced that it would be pushing into audiobooks back in September, offering a potential rival to Amazon’s Kindle services in the US market. However, Spotify CEO Daniel Ek told [...]
Spotify defies market subscriber slump as users climb for streaming giant July 27, 2022 Spotify appears to have defied the subscriber downturn seen by many tech firms, posting a 14 per cent jump in paying subscribers in its second-quarter results.
Spotify snaps up Wordle spin-off Heardle in interactive push July 12, 2022 Streaming giant Spotify has snapped up daily music game Heardle as the firm builds out its interactive offerings to keep music lovers listening.
Learning from Joe Rogan: Spotify sets up advisory board to navigate future content controversies June 13, 2022 Spotify has set up a Safety Advisory Council to provide third-party advice on issues surrounding hate speech and disinformation as the streaming giant hopes to dodge a repeat of the infamous Joe Rogan row.
Netflix or Spotify: Investors shouldn’t tar streamers with the same brush says US investment bank June 9, 2022 Investment bank Raymond James said music streaming is in a better position than video streaming, urging investors not to dump streaming shares too quickly. It comes after Netflix continues to ride out a rocky few months, with shares down 66 per cent in the year to date thanks to dwindling subscribers and a downbeat outlook [...]
Spotify brings back political ads as the US gears up for midterm primaries May 25, 2022 Spotify has quietly brought back political adverts in the US, after pausing them in the lead up to the contentious 2020 election.
Chart topper: Audioboom marks maiden profit after true crime podcast boom April 25, 2022 Podcast firm Audioboom has made a maiden profit after success with true crime podcasts and beating its own records for monthly downloads. In final audited results for the year ended 31 December 2021, the London listed firm posted revenue of $60.3m, an increase of 125 per cent on 2020. The firm reported maiden annual net [...]
The Obamas say goodbye to Spotify as big streamers get knocked off pedestals April 21, 2022 The Obamas are reportedly gearing up to abandon Spotify, with ambition to create more content on more platforms.
EU regulators set to whack Apple Music with another antitrust charge April 11, 2022 European regulators are set to whack Apple Music with an additional anti-trust charge following Spotify's complaints about the tech giant distorting competition in the market.