New era for Spotify. Daniel Ek: “We are only in the second inning.”

Daniel Ek, founder and CEO of Spotify, has often been quoted taking the long view of the streaming music industry, and the destiny of his company. Today is a milestone in Spotify’s business history, as SPOT begins trading on the New York Stock Exchange. Memorializing the moment, Ek posted a letter on his company’s internal blog. “We are only in the second inning,” he said. Continue Reading

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Amazon has “tens of millions” of paying music customers, as smart speakers drive subscription growth

Things are looking good for Amazon’s musical efforts these days. Amazon is amassing a growing music audience that now numbers “tens of millions” of paying customers, while its Amazon Music Unlimited program has more than doubled its subscriber count in the past six months. The success of smart speakers and a growing number of Prime membership subscribers have been the main factors in Amazon’s music audience expansion, according to a top exec. Continue Reading