Page 5 - Spotify

Spotify Q1 results: Revenue increases by 14%, in line with estimates

First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million

Maestro: Amazon Music tests AI-generated playlist feature on Android, iOS

Amazon Music said its AI playlist generator, Maestro, can create playlists from a prompt, which could be in the form of text, emojis, emotions, activities, and sounds

Spotify tests AI-generated playlists feature on Android, iOS: Details here

Available in beta for Spotify premium users, the AI-generated playlist feature is currently limited to the UK and Australia

Unchained melodies: DIY culture, AI are helping indie musicians grow

The indie music industry is on a roll. The old song is playing to a new tune

Apple hit with EU antitrust fine of over $1.95 billion in Spotify case

The European Commission's decision was triggered by a 2019 complaint by Swedish music streaming service Spotify over this restriction and Apple's 30% App Store fees

Apple Music: Soon, you could transfer playlists from Spotify, Amazon Music

Apple is reportedly testing integration of "SongShift" service for importing playlists from other streaming platforms like Spotify and Amazon Music on Android

Apple set to face near $539 million penalty from EU over Spotify row

In a closed-door meeting between EU officials and Apple in June last year, the tech firm told regulators it had already addressed any possible competition concerns arising from Spotify's complaint

Spotify Q4 results: Revenue up 16% at $3.94 bn, user growth beats estimates

The Swedish music streaming company has ventured into podcasts and audiobooks as it seeks to grow its user base to 1 billion by 2030

Step in wrong direction: Xbox president on Apple proposed changes in EU

Spotify and Mozilla also raised their concerns with regard to the changes that Apple recently announced to comply with the EU's DMA

Apple pay tech opened up to rivals in bid to settle European Union probe

The European Commi­ssion announced Friday that it's seeking feedback from Apple's payment rivals

T-Series is making so many films, but margins are so low: Bhushan Kumar

'We are making so many films, [but] the margins are so low,' says Bhushan Kumar

Tapping the many Indias

India's massive consumer market represents one of the biggest open market opportunities in the world. Yet the confusion that grips marketers - local and global - refuses to go

Indian internet has an over-the-top question to settle

Proposal to regulate services offered directly via the internet may hurt net neutrality

Spotify axes 17% of workforce in third round of layoffs this year

Spotify says it's axing 17 per cent of its global workforce, the music streaming service's third round of layoffs this year as it moves to slash costs while focusing on becoming profitable. In a message to employees posted on the company's blog on Monday, CEO Daniel Ek said the jobs were being cut as part of a strategic reorientation. The post didn't specify how many employees would lose their jobs, but a spokesperson confirmed that it amounts to about 1,500 people. Spotify had used cheap financing to expand the business and invested significantly in employees, content and marketing in 2020 and 2021, the blog post said. But Ek indicated that the company was caught out as central banks started hiking interest rates last year. We now find ourselves in a very different environment. And despite our efforts to reduce costs this past year, our cost structure for where we need to be is still too big, he said. Ek said the leaner structure of the company will ensure Spotify's continued ...

CWC 2023 final: SRK, Tharoor, others come out in support after India's loss

Shahrukh Khan was also among the admirers who attended the game on Sunday. Khan posted on X, 'The way the Indian team has played this whole tournament is a matter of honour'

Spotify Q3 results: Income at $34.1 million, growth beats expectations

"We believe moving forward, we should see pretty consistent growth in our operating income," its Chief Financial Officer Paul Vogel said

Spotify to restrict features in free tier to boost subscriptions in India

Spotify would not allow users on free tier to use rewind tracks and reorder track list features, but it would put no restriction on streaming

New GST rules to tighten compliance for foreign digital service providers

They will have to pay 18 per cent GST regardless of the service they provide

Spotify rolls out Showcase feature for artists to amplify work on platform

Artists can create a mobile card that can feature a particular song or an entire album as a mobile banner ad, strategically targeting particular types of listeners across 30 markets initially

Spotify to cut back promotional spending on white noise podcasts: Report

Spotify has been paying and providing ad support to podcasters who provide white-noise programming