Spotify takes synchronised lyrics feature global and reveals merchandise data November 19, 2021 Spotify has taken its synchronised lyrics feature global, having launched it in 26 countries last year.
Spotify shows market expansion and subscription boost in thriving third-quarter October 27, 2021 Spotify reports a strong third-quarter, with nearly all of their major metrics finishing better than expected. Their revenue of €2.5bn (£2.1bn) grew 27 per cent year-on-year in Q3, with premium revenue up 22 per cent to €2.2bn (£1.9bn). The streaming giant showed significant advertising strength, with Ad-Supported revenue growing 75 per cent to €323 million [...]
Streaming platforms like Spotify in the sights of competition watchdog October 19, 2021 An inquiry into the music industry, examining whether the rise of streaming services like Spotify and Apple Music are fair and competitive for the industry is set to begin. The UK watchdog will look at the issues that exist for both listeners and artists, gathering evidence to decide the best course of action against [...]
Vivendi and Universal Music Group to split during €33bn Amsterdam IPO September 14, 2021 Vivdendi’s Universal Music Group, the music company behind Lady Gaga and the Rolling Stones, will split up during its €33bn initial public offering (IPO) set to land next week. Universal’s IPO will see it sever its ties with Vivendi, after dishing out 60 per cent of its shares to Vivdeni shareholders. The music group’s shares [...]
Spotify beats forecasts as paid subscribers hit 165m July 28, 2021 Spotify has beaten expectations for the second quarter as the streaming giant saw its paid subscriber numbers grow by a fifth. The Swedish company said premium subscribers jumped 20 per cent year on year to hit 165m in its latest quarter – towards the upper end of its guidance and modelty ahead of forecasts. Monthly [...]
Screenshot: Will a streaming overhaul tidy up the UK’s messy music sector? July 16, 2021 This week: **Media Moment of the Week: ‘Oh fiddlesticks’ **Could a streaming crackdown tidy up Britain’s messy music sector? Media Moment of the Week: ‘Oh fiddlesticks’ In a situation you wouldn’t have thought possible in 2021, the BBC somehow found a man in Nottingham on Monday morning who still didn’t know the result of the [...]
Screenshot: Will GB News’ traditional TV bet pay off? April 30, 2021 This week **Media Moment of the Week: Blair’s hair mare **Will GB News’ traditional TV bet pay off? **BT puts sport on the sideline Media Moment of the Week: Blair’s hair mare With allegations of sleaze, rows over John Lewis and Kevin Keegan-esque outbursts, it’s fair to say that all the attention has been on [...]
Spotify founder Daniel Ek says he is “very serious” about Arsenal takeover interest and has secured the funds to make Stan Kroenke an offer April 28, 2021 Spotify co-founder Daniel Ek says he has secured the financial backing to make an offer for Arsenal. The Swedish billionaire, who is chief executive and part-owner of the music streaming platform, added that he was “very serious” about buying the Premier League football club. Ek also urged current Arsenal owner Stan Kroenke to listen to [...]
Spotify hits subscriber targets as pandemic party continues April 28, 2021 Spotify today reported subscriber growth at the top end of its targets for the first quarter as strong momentum from a pandemic-induced boom in trading continued into 2021. The music streaming giant posted 21 per cent year on year growth in premium subscribers to 158m after it added 4m in the first three months of [...]
Spotify earnings: Is the music streaming giant facing a subscriber lag? April 28, 2021 Spotify will be in the spotlight this afternoon as it reports its first-quarter figures, with all eyes on the streaming giant’s subscriber numbers. The Swedish music platform enjoyed a bumper year in 2020, with paid subscribers hitting 155m thanks to higher demand for music and podcasts during the pandemic. But Spotify warned that pace of [...]