Page 2 - Music Streaming

The sound of music: Music creators in India fail to hit the right note

Publishing revenues - that is the money paid to authors, lyricist, composers - the people who actually make the music went up by 2.5 times

Spotify CFO becomes one of thousands departing the streaming service

Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023. In a statement announcing CFO Paul Vogel's departure, CEO Daniel Ek said that the two had come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences. Spotify said this week that it would be axing 17 per cent of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed. Shortly after the layoffs were announced Monday, Spotify's stock jumped about 8 per cent. On Tuesday, Vogel moved to sell more than USD 9.3 million worth of shares, according to securities filings. Two other senior executives also cashed in over USD 1.6 million in shares, The Guardian reported. The Associated Press reached out to Spotify for further comment on Friday. Vogel will leave Spotify on March 31. Ben Kung,

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

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

Taylor Swift's Eras tour to become highest grossing tour of all time?

Swift is not even close to halfway through the tour, but she has already gone above and beyond her fans' expectations thanks to multiple surprises, major announcements and special guest appearances

Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing

The iPhone maker will set out its arguments to senior European Commission officials and their peers at national competition agencies at a closed hearing in Brussels

Hong Kong protest song disappears from music streaming sites, social media

A popular Hong Kong protest song was no longer available on Wednesday on several major music streaming sites and social media platforms, after the government sought an injunction to ban the tune. Glory to Hong Kong rose to popularity during the 2019 pro-democracy protests, and became an unofficial protest anthem. In 2020, the government outlawed the protest slogan Liberate Hong Kong, revolution of our times over secessionist and subversive connotations, and the song was widely considered to be banned in the city as its lyrics contained parts of the slogan. Hong Kong, once a bastion of free speech and expression, has come under tighter scrutiny by Beijing after the unrest in 2019. Since then, its political system has undergone a major overhaul to ensure that only patriots loyal to Beijing can hold office. More than 250 people have been arrested under a sweeping national security law passed in 2020 that critics say is aimed at suppressing dissent. The song rose to the top of Apple .

Music-streaming platform Spotify testing new feature 'Your Offline Mix'

Music streaming platform Spotify is officially testing a new feature called -- 'Your Offline Mix', a playlist designed for users when they might not be online and still wants to listen

Spotify to lay off 200 workers in podcast division, about 2% of streamers

The company has resorted to aggressive expansion to supplement its earnings from music streaming with other revenue-generating formats such as podcasts

Spotify cleans up its playlists, removes thousands of AI-made songs

Premium subscribers grew 15 per cent (year-on-year) to 210 million with better performance across all regions, led by Europe and Latin America

Sour note: Music labels press pause on reality TV song-and-dance routine

Music labels are now mulling an increase in the fees for dance and music-based reality shows for the use of their songs

Music streaming platform Spotify shuts its live audio application

Music streaming platform Spotify has said that it is shutting down its live-audio app -- "Spotify Live"

Spotify users angry over missing songs from Zee Music as contract ends

Zee Music had over two dozen tracks on Spotify's Daily Top 200 Songs chart for India on March 14

Music platform Spotify launches AI-powered personalised music feature 'DJ'

The new feature will sort the latest music and will look back at some of the users' old favourites, even the songs they haven't listened to for years

YouTube Music now let users create artist-based customise radio stations

Users can choose up to 30 artist when creating a custom station, and can also specify whether they want to hear music just from those artists or from artists that are similar to those they have chosen

Spotify world's 1st music streaming platform to surpass 200 mn paid users

The company last week announced to slash 6 per cent of its workforce, or about 600 staffers, globally, and Ek announced that he was too ambitious in investing ahead of their revenue growth

Spotify to start handing over pink slips as soon as this week: Report

In October, Spotify laid off 38 people from its Gimlet Media and Parcast podcast studios

Music-streaming platform Spotify launches 'New Year's Hub' playlist

Some 82,000 New Year's Eve playlists were created between December 25, 2021 and January 31, 2022, and around 40,000 playlists were created on New Year's night itself

Spotify working on HealthKit integration to provide workout playlists

Spotify could choose and suggest specific songs based on the types of exercises logged by users or even their speed