Spotify reportedly up to 39M subs, still not interested in exclusives

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One of Spotify’s latest hires announced that the streaming service now has 39 million paid subscribers. Troy Carter, global head of creator services, told Billboard that Spotify has added 9 million paying customers since the last audience update in March. The interview also touched on the streaming sector’s current race for exclusive releases.

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YouTube has social media features in development

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YouTube is exploring the addition of some social features which could help music owners get more value from the video platform. The feature set currently in development is known as Backstage. It’s a move to be more competitive with the likes of Facebook or Snapchat, but the music industry should also keep tabs on what the plan says about YouTube’s next directions.

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