Despite record growth Spotify continues to lose money and is forecast to continue on a losing streak for the next two quarters according to its latest (Q2 2018) financial reports. Spotify grew its user base finishing the quarter with 180 million Monthly Active Users (MAU) and 83 million Premium Subscribers, up 30% and 40% respectively year on year. Revenue for the quarter was €1,273 million, up 26% and 34% year on year for the two […]
Spotify releases new music for playlist consideration feature to give artists, labels and teams an easy way to submit unreleased music directly to Spotify’s editorial team for playlist consideration. Released in beta, the feature is part of Spotify for Artists and Spotify Analytics designed to make it easier for artists and labels to share unreleased music with Spotify’s editors so they can create better playlists and artists have a better shot at landing on one. […]
UPDATE 17/07/2018: Drake’s Scorpion album achieved another first when he confirmed on Instagram that his album was streamed over a billion times worldwide in its opening week. Spotify accounted for 573 million streams with Apple Music notching up 498 million streams. Streaming figures for the first week of release in the US were 321 million on Spotify and 401 million on Apple Music. On its first day of release, Drake’s Scorpion shattered both Spotify’s and Apple […]
Spotify has reversed its ‘No hate content and hateful conduct’ policy introduced in May 2018 following controversy since its introduction. The policy that removed R Kelly’s music from their playlists prompted wide criticism and a record industry backlash. In a post on the Spotify blog, the company stated that it ‘believed our intentions were good’ but considered the language it used was ‘vague’ causing ‘confusion and concern’ and resulted from not spending ‘enough time getting […]
Spotify has announced a new hate and hateful conduct policy which aims to identify and remove hate content across its streaming platform. The company has partnered with a number of advocacy groups to help it police both content and artists who are seen as not reflecting Spotify’s values. Spotify’s aim is not to censor content because of an artist’s or creator’s behaviour but it wants ‘our editorial decisions – what we choose to program – […]
Data on music downloads from Spotify has been used to help the Bank of England predict people’s sentiment which turns out to be as accurate in tracking consumer spending as surveys of consumer confidence according to Andy Haldane, Chief Economist at the Bank of England. In a speech given at King’s Business School, entitled Will Big Data keeps its Promise? Mr Haldane gave an overview of how Big Data was helping the Bank to improve […]
Spotify has unveiled its completely revamped ad-supported free streaming service which puts the emphasis on music discovery and ease of use for mobile users. Spotify believes that users of its free service can be converted to either upgrading to one of its paid subscriptions or be tempted to buy download or physical products. So powerful is their argument that they have convinced record companies to support them with product and cut them with a deal […]
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