Spotify’s approach to video appears to be in a state of flux. Bloomberg reported that Spotify has cancelled its original video series. Unnamed sources told the publication that the strategy reboot is part of an effort to find a monetization strategy that doesn’t involve recorded music and royalty payments. Continue Reading
Spotify’s UK operations collected revenue of £237 million in 2016, up 27% from the previous year. Subscription revenue was the main driver of the year’s growth with a 26% increase. Continue Reading
Brief news items and worthy reads from around the web: A difficult road for Apple’s video plans. Behind the scenes at Sonos. Take your Spotify listening to the Upside Down. Continue Reading
Investment bank (and Spotify investor) GP Bullhound released a new paper projecting that Spotify could be valued at $20 billion by the time the streaming service goes public. It also projected subscriber growth reaching 100 million by summer of 2018. As of July 2017, Spotify had 60 million subscribers. Continue Reading
Spotify has introduced a new platform for helping promote emerging artists called RISE. Performers selected for RISE will receive preferential, mixed-media playlist placement, and editorial programming within Spotify. The music company will also support the artists with special live events and television ads. Continue Reading
Spotify is rumored to be launching in Romania next month. A few local blogs have posted that the streaming platform will be arriving in the European market on November 28. Continue Reading
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