Spotify may have reached revenue of 1.9 billion euros ($2.2 billion) in the first half of 2017. The results were first reported by The Information, citing “people briefed on the numbers.” If accurate, that first-half revenue is already 70% of the company’s total revenue from 2016. Continue Reading
Spotify has launched a mobile app for its artist service branch. Spotify for Artists now has an iOS app available from the App Store. A version for Android is due to release “really soon,” according to the blog post announcing the app. Continue Reading
Spotify has hired a local music industry veteran to join its Berlin office. The streaming company hired Maik Pallasch as its head of shows and editorial in Germany. Spotify has made several noteworthy hires in the past few months. Continue Reading
Google’s media event earlier this week showcased the company’s voice assistant and voice-control technology. Two music and audio services – iHeartRadio and Spotify – are part of tie-ups around Google Assistant. Continue Reading
Spotify has hired Adam Parness as its new head of global publisher licensing. Parness most recently spent about a year with Pandora as head of publisher licensing and relations. Continue Reading
Brief news items and worthy reads from around the web: Two BBC Radio execs talk about broadcast and streaming. Pandora’s new CEO chats to Billboard. Taylor Swift is best buds with Spotify now. Continue Reading
Spotify has added another personalized playlist to its programming. This one is titled Your Time Capsule, and it says it will “take you back in time to your teenage years.” Music is a powerful tool when it comes to nostalgia, but does Spotify deliver? Here’s our take from the RAIN News team. Continue Reading
Reuters is reporting that Spotify’s latest private trading numbers are now valuing the streaming company at about $16 billion. The publication cited unnamed sources familiar with the latest deals for Spotify, although the company declined to comment on the rumor. Reuter’s sources predicted that by the time Spotify goes public, it could be worth at least $20 billion. Continue Reading
Spotify has hired a new head of sales for its UK division. Rakesh Patel will start with the streaming music company in November, bringing 18 years of industry background to the team. His role of leading the UK sales team is an approximate replacement for former UK Country Manager Chris Forrester, who departed Spotify in April. Continue Reading
Spotify is continuing to expand its options for brands and businesses to advertise on its platform. Yesterday, the company announced the U.S. beta launch of a tool called Spotify Ad Studio. This self-serve platform has resources for the creation and management of targeted audio ad campaigns. Continue Reading
Last week, Spotify announced its latest bundle subscription deal. The music company has teamed with video streaming platform Hulu to offer a access to both services for $4.99 a month. This bundle includes Spotify Premium and the Limited Commercials plan from Hulu, which usually costs $7.99 a month. Continue Reading
The latest results from MusicWatch found some positive data for Apple Music, pointing to continued growth for one of the newer players in the streaming music industry. A new survey showed that Apple Music is the most popular paid music subscription service for iOS users. Continue Reading