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Spotify News

TikTok to challenge Spotify with a paid streaming service

ByteDance, which owns TikTok, is seriously considering launching a rival streaming platform to Spotify. The target is countries where services from Spotify or rivals like Apple Music are not established.

Despite multi-million dollar losses, Slack prepares to go public

Slack is the latest unicorn to file to go pubic, adopting a model similar to that used by Spotify in 2018. This obviates the traditional IPO approach meaning that current shareholders can directly sell their stock to investors.

Spotify to acquire story teller Parcast

Audio streaming subscription service Spotify is to take over Parcast, which is a storytelling podcast studio which has grown in popularity in recent years.

Spotify to terminate or suspend accounts that block ads

The music streaming service Spotify is taking a firm stance against users that block ads. This may lead to suspension or termination. Its new terms of service will go in effect on March 1, 2019.

HMV is sold to Canadian record store chain Sunrise Records

On February 5, it was announced that the Canadian record store chain Sunrise Records has purchased HMV, and it will own the rest of the company. Streaming services threaten the future of music retailers.

Imagine Dragons is Spotify's most-streamed group of 2018

Grammy-winning rock group Imagine Dragons have a digital milestone to celebrate. They are Spotify's most-streamed group of 2018.

Spotify launches an analytics platform for music publishers

On November 8, it was announced that the streaming service Spotify has launched an analytics service for music publishers.

Spotify launches new Playlist Tool for independent artists

The music streaming service Spotify has launched a Playlist Tool that is geared for independent and rising artists. This allows emerging artists to upload their new music directly to the digital platform.

Spotify to allow artists to upload music to its streaming service

The streaming service Spotify is announcing a new beat feature, which will let recording artists to directly upload their new music to the digital platform.

Spotify dumps 'specific' far-right Alex Jones podcast episodes

Stockholm - The world's largest streaming service Spotify has removed podcast episodes of American far-right radio show host and conspiracy theorist Alex Jones for breaching its policy against hate speech.

Spotify adds tool for pitching new music to playlist curators

The streaming service Spotify has added a new tool for its users. It allows record labels and artists to pitch unreleased music to playlist curators.

Spotify CEO admits hate content policy 'rolled out wrong'

On May 30, Spotify CEO Daniel Ek admitted to the hate content and hateful conduct policy on Spotify being "rolled out wrong."

Spotify settles class-action lawsuit to the tune of $112.5M

Spotify has been under fire for a couple of years now, ever since they were hit with a class-action lawsuit claiming that the service rips off artists. Recently a settlement was reached for around $112.5 million USD.

Major record labels selling big chunks of their Spotify stakes

On May 7, 2018, it was announced that major record labels are selling big chunks of their Spotify stakes. Two of these labels include Sony and the Warner Music Group.

Spotify launches new mobile app with playlists for users

The music streaming service Spotify has just launched a new mobile app with on-demand playlists for its 90 million free users.

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.
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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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Spotify will occupy about 23 597 square meters of space at The Well complex to be built at Front St....
Spotify will occupy about 23,597 square meters of space at The Well complex to be built at Front St. West and Spadina Ave.
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Daniel Ek  CEO of Swedish music streaming service Spotify  says a stock market listing "doesn&a...
Daniel Ek, CEO of Swedish music streaming service Spotify, says a stock market listing "doesn't change who we are"
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Daniel Ek, CEO of Spotify
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Spotify Group Playlists in Facebook Messenger
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