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Swedish music streaming giant Spotify saw its user numbers peak last quarter, driven by its year-end “Wrapped” campaign, which rounds up stats and listening highlights for users, and new features on its free tier. The company said it saw a record 38 million new users in the fourth quarter, taking its total to 751 million…
Spotify is introducing a way for you to chat with your friends on the app in a bid to become a more social content consumption app. Users have shared Spotify links for music and podcasts with others outside the platform for years. With this feature, Spotify wants users to do more of that within the…
In a bid to make its AI DJ feel more interactive, Spotify is updating the feature to let users request music or change the mood of a playlist using voice commands. The company is rolling out this feature, supported only in English, in over 60 markets for its premium subscribers. Until now, you could only…
On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year. Spotify also reported an addition of 35 million monthly…
Spotify announced Thursday the launch of its new “Partner Program” that lets popular podcast hosts monetize their video content. Spotify’s new program gives qualifying creators on its platform opportunities for extra income beyond just advertising revenue, such as video payouts. The program was initially announced back in November and is officially available in the U.S.,…
“Justin Timberlake sells his song catalog for $100M” Singer Justin Timberlake became the latest artist to cash out his song catalogue, selling the rights to such hits as “SexyBack” and “Cry Me a River” to a London-based music investment company backed by private equity firm Blackstone. The terms of the deal with Hipgnosis Song Management…
“Pink Floyd wants to sell ‘The Wall,’ music catalog: report” Pink Floyd is weighing the sale of its recorded music catalog that includes legendary hits like “Comfortably Numb” and “Another Brick in the Wall,” according to a report. The British rock band, which has some of the best-selling albums in history, could rake in hundreds…
“#Kanye West earns $2.2M in sales after ‘Donda 2’ Stem Player post” Kanye West has netted $2.2 million in sales since announcing that his forthcoming album, “Donda 2,” will only be available through his own music player. The “All the Lights” rapper shared in an Instagram post Saturday his purported sales since revealing a day…
“#David Bowie’s estate sells his music publishing catalog for over $250M” David Bowie’s estate has inked a deal with Warner Chappell Music, the publishing arm of Warner Music Group, to sell the singer’s music publishing catalog, the company said Monday. The sale comes as part of a rush of similar deals with ZZ Top, Bruce…
“#ZZ Top sells music catalog for $50M to BMG, investment firm” ZZ Top is selling its music catalog to investment firm KKR and record company BMG for $50 million, according to a report. The legendary Texas trio, known for hits like “Legs,” “Cheap Sunglasses” and “Gimme All Your Lovin,’” sold their music interests, which include…