Page 2 - Spotify

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

Apple adds Discovery Station on Apple Music: Here's all you need to know

The Discovery Station is a personalised radio station that plays a continuous stream of songs based on the listening history of the user

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

Prince Harry, Meghan splits with Spotify in less than year of 'Archetypes'

The production company founded by Prince Harry and his wife, Meghan, are splitting ways with Spotify less than a year after the debut of their podcast Archetypes." It is unclear why the podcast, hosted by Meghan, is leaving the platform but Spotify and Archewell Audio said in a joint statement that the decision was mutual. Archewell landed a multiyear partnership with Spotify in 2020 to create podcasts and shows that would tell stories through diverse voices and perspectives. The podcast premiered in August last year with tennis great Serena Williams as a guest and it was an instant hit. It topped Spotify charts in seven countries, including the US and the UK, and it won the top podcast award at the People's Choice awards last year. I loved digging my hands into the process, sitting up late at night in bed, working on the writing and creative. And I loved digging deep into meaningful conversation with my diverse and inspiring guests, laughing and learning with them, and with each

Spotify fined $5.4 mn for data protection regulation violations in Sweden

Music streaming platform Spotify has been fined about $5.4 million in Sweden for breaching the data access rights of users in the European Union (EU)

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 cutting about 2% of its workforce, affecting roughly 200 employees

Spotify is cutting about 200 people, or 2 per cent of its workforce, as the streaming company reworks its podcast unit. Sahar Elhabashi, vice president, Head of Podcast Business, said in a memo that impacted employees would receive severance packages including extended health care coverage and immediate access to outplacement support. In January Spotify announced that it was cutting 6 per cent of its global workforce, or about 600 jobs. Elhabashi also said Monday that the Stockholm company would be combining podcast networks Parcast and Gimlet into its Spotify Studios operation. With these changes, we will accelerate into the next chapter for podcasts on Spotify with strong discovery and podcast habits for users, thriving monetisation and audience growth for creators, and a valuable, high-margin business for Spotify, Elhabashi said. In afternoon trading, shares rose nearly 3 per cent and briefly set a 52-week trading high.

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 rolls out AI-powered DJ feature in UK for premium customers

Music streaming platform Spotify has started rolling out its AI feature called "DJ" for premium customers in the UK and Ireland

Scammers on music apps Spotify, Apple Music siphon billions from artists

Currently, much of the music industry is preoccupied with the newest threat - or maybe opportunity - to emerge from Silicon Valley

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