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Spotify News

Spotify soars in $26 billion stock debut

New York - Spotify soared Tuesday to a value of more than $26 billion in its long-awaited stock debut as the market delivered a ringing endorsement of the future of music streaming.

Spotify aims to strike chord in stock market debut

San Francisco - Spotify on Tuesday debuts as a publicly traded company, hoping that its streaming music model will be a hit with investors and a boon to artists.

Spotify is going public at a terrible time for tech stocks

Spotify is set to go public Tuesday — a terrible time for tech stocks following Facebook's data fiasco. Even Apple, Spotify's biggest competitor in streaming music, isn't immune to the drag.

Op-Ed: Top five reasons Spotify is bound for a profitable year in 2018

Spotify, under the leadership of founder and CEO Daniel Ek, is going public next week. Here are the top five reasons it is headed for commercial success.

Spotify launches 'Amplify' to highlight social issues in music

Spotify is back with the launch of Amplify, its newest in-app destination. This new hub will highlight significant issues within the music industry.

Twitter's investment in SoundCloud is wiped out completely

Twitter has written down most of its $70 million investment in SoundCloud. This is a substantial indication that digital music is a challenging industry to make a profit.

Spotify job openings reveal company's work on 'physical products'

Spotify is preparing its own range of physical hardware products, according to company job postings discovered online. Spotify is intending to create "category defining" devices built to rival smart speakers including the Amazon Echo and Google Home.

Best Buy pulling CDs from their shelves, as albums fade fast

Best Buy, one of music's biggest merchandisers in the United States, is expected to end the sales of physical albums (CDs) at all of their stores by July 1, 2018.

Spotify launches Spotlight — New multimedia platform with visuals

Ever wanted a deeper insight on your favorite artists, play-lists and pod-casts? Now that can all be possible thanks to Spotify's new multimedia platform Spotlight

Spotify solved a $1 billion debt issue that will aid with IPO

Spotify wants to sell its shares to investors in the spring of 2018. In doing so, Spotify has cleaned up a debt deal thanks to the help of a Chinese tech conglomerate Tencent.

Spotify launches on the Xbox One

Spotify has announced its app is now available on the Xbox One, adding another platform to the service's already impressive line-up. Spotify is already available on Sony's PlayStation 4. Its arrival on Xbox has been long anticipated by gamers.

Spotify builds streaming lead at 60 million subscribers

New York - Spotify said Monday that it had 60 million paying subscribers, expanding its lead in the fast-growing world of music streaming.

Spotify lets you build playlists with your Facebook friends

Spotify has announced a new integration with Facebook Messenger that lets you and your friends create music playlists with the bot. Designed for use on social occasions like parties, it lets anyone add to the playlist to create the perfect soundtrack.

Spotify passes 140 million active users with no profit in sight

Spotify has passed the 140 million active users mark but is still a long way from being profitable. While revenue increased, investment in new projects has caused operating losses to rise at a similar rate. It is still aiming to reach profitability.

Spotify building its own 'category defining' music hardware

Spotify is planning to launch a hardware device that will change the way in which "the world" experiences music. The company's ambitious aims are said to be early in development. It's an unexpected expansion of Spotify's business, moving beyond apps.

Listen up: Pandora Premium is here to take on Spotify

Pandora, one of the first online music providers, has announced its own on-demand subscription service to rival Spotify and Apple Music. Using technology it acquired from Rdio, the internet radio provider aims to "change the way" you consume music.

Apple reportedly planning major push into TV shows and movies

Apple is preparing for a major push into original video content, according to a new report from The Wall Street Journal — a move that could set it on a collision course with the likes of Netflix and Amazon.

Spotify took years off SSD lifespans with huge junk data writes

Spotify has patched a serious bug in its desktop app for Windows, Mac and Linux that has been reducing the lifespan of users' SSDs. Spotify's client has been writing huge amounts of garbage data each day, taking years off the expected life of an SSD.

Spotify Free caught streaming malicious adverts to users

Spotify is inadvertently infecting users' computers with malware, according to a spate of reports from customers. The company's network has been compromised by malicious adverts that are displayed in the free version of the Spotify client.

Alt-pop duo The Brinks on the success of their debut EP Special

Los Angeles - Busy promoting their debut EP (released in December last year), the LA-based duo consisting of New York City producer, songwriter and keyboardist Matt Friedman and Australian singer, guitarist and songwriter Scott Mellis made time for Digital Journal.

Spotify accuses Apple of using App Store 'weapon' to block update

Apple recently rejected an update to Spotify's iOS app, refusing to approve the new version and preventing it getting to users. Spotify now alleges Apple made the move to stifle competition and hurt its business, increasing the growth of Apple Music.

Spotify denies it was hacked as lists of passwords appear online

A list that contains hundreds of Spotify usernames, email addresses and passwords has appeared online. Spotify says it wasn't hacked but users have confirmed many of the details are valid and have reported problems with their account.

PÆRISH, a Paris-based alternative rock band Special

You may not know the name, but chances are you soon will. The French rockers' riff-roaring debut single, "Undone," has been streamed over two million times - with no promotion whatsoever - on Spotify. Digital Journal spoke to band member Martin Dupraz.

Spotify quietly funding startup that could change streaming music

Spotify is closing in on 30 million paying users, but there is one market that has remained underserved by its ascendance in music streaming: businesses.

Spotify reportedly launching streaming video service this week

Spotify will launch its upcoming streaming video service later this week according to reports. Android users may be able to start watching video within the next few days and iOS users will only be waiting a little longer.

iTunes Radio free streaming to end as it folds into Apple Music

Apple has announced it will be folding iTunes Radio into Apple Music from the end of January, discontinuing free streaming and requiring users buy an Apple Music subscription to keep listening. The company will continue its free Beats 1 service.

Spotify hit by new $200 million copyright suit

Los Angeles - Streaming leader Spotify has been hit by a new copyright lawsuit seeking $200 million, in the second such case within weeks.

Beatles are now streaming to the top of the charts: Billboard

The music of The Beatles was at last made available for streaming just two weeks ago, on Christmas Eve, and the results are already in. Billboard reports the songs and albums of the Fab Four are doing well.

Mat Clayton, one of the creative minds behind Mixcloud Special

Online radio platform, Mixcloud, has recently launched an exclusive app for the latest version of Apple TV. Co-founder, Mat Clayton, filled Digital Journal in on the details.

London duo Oh Wonder attracted big buzz thanks to online smarts Special

Few musicians attracted as intense attention as Oh Wonder, a London duo who were earning rave reviews a year before their first EP was released. How? By teasing fans with posting one song a month for a year on Soundcloud.
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Spotify in Starbucks.
Spotify in Starbucks.
Soundtrack Your Brand
Spotify iPad App
Spotify iPad App
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Spotify Group Playlists in Facebook Messenger
Spotify Group Playlists in Facebook Messenger
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Rick Kline
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Daniel Ek  CEO of Spotify
Daniel Ek, CEO of Spotify
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Spotify on Xbox One
Spotify on Xbox One
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Spotify s gross margin is getting better.
Spotify's gross margin is getting better.
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