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Webcast listening inches up in March; Spotify holds slight lead

Spotify held its slight lead over Pandora in March stream listening, an advantage established in January after three years of chasing. Aside from that metrics rivalry, the Top 20 group in Triton Digital’s Webcast Metrics report gained one percent in overall listening compared to February. PLUS — a little bit of smart speaker reporting. Continue Reading

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Spotify is reportedly offering hefty advances to land more direct licensing deals

Spotify is reportedly offering advances to managers and indie artists as an incentive to consider direct licensing deals with the streaming service. Billboard reported that the company is offering up to several hundred thousand dollars in advances for managers that agree to license a particular number of tracks by indies directly to Spotify. On the platform, the managers and acts could then earn 50% of the revenue from those songs being streamed. Continue Reading

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Spotify gets NPR as two giants combine strengths

In a pivotal deal, NPR announced that its entire podcast catalog is now available on Spotify for the first time. All shows from the public media outlet, both familiar favorites and new titles, will have a home on the streaming audio service. The arrangement brings the world’s largest podcast publisher into one of the largest podcast distribution platforms. Continue Reading

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Sony and Warner each net millions from Spotify stock sale

Spotify’s direct listing on the New York Stock Exchange marked a new chapter for the streaming music service, and the action has continued to make waves in the industry. The latest developments are that two of the major labels that were early investors in Spotify during its startup days have sold portions of their shares. Continue Reading

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Spotify releases first quarterly earnings report: Subscribers and revenue up, losses narrow

Spotify shared its first quarterly earnings report since the company listed on the New York Stock Exchange last month. Despite a solid performance in listener and subscriber numbers, Wall Street was unimpressed with the results. Spotify’s stock price sunk after the data was released, falling from about $170 per share to about $153 per share. Continue Reading