Spotify's business model is still all verse, no chorus
Streaming is paying off handsomely – for Universal Music Group
Source: irishtimes.com
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Spotify Revenue Up 27%, Paid Subscriptions Rise 19% In Third Quarter
Third quarter 2021 revenue grew 27% year-over-year to €2,501 million at SPOTIFY in what the company's CEO DANIEL EK termed a "very strong quarter." The company's growth was led by advertising revenue, up 75% to €323 million. Paid premium subscribers rose by 19% to 172 million, with MAUs up 19% to 381 million, led by SOUTH KOREA, BANGLADESH, and PAKISTAN.Podcasting was another area of growth for SPOTIFY, with podcast MAUs up 20% year-over-year and podcast share of overall ...
Source: allaccess.com
Congress has questions about Spotify's new Discovery Mode
U.S. Rep. Jerry Nadler has sent a letter to Spotify, asking pointed questions about a new "Discovery Mode" program that offers artists reduced royalties in exchange for better algorithmic placement for their songs.
Source: avclub.com
Spotify boss remains 'interested' in Arsenal after bid rejected
Spotify co-founder Daniel Ek said Saturday a formal offer to buy Arsenal had been rejected by the Premier League club's American owners. In a statement on
Source: japantimes.co.jp
Spotify's Daniel Ek Says Arsenal Owners Rejected His Bid, He's Still Keen
Toru Yamanaka/Getty Images "They replied that they don't need the money," Ek said on Twitter. Arsenal fans last month protested the club's attempt to join the doomed European Super League. Daniel Ek, CEO and cofounder of Spotify, on Saturday said his takeover bid for Britain's Arsenal Football Club had been rejected, but he was still interested in the deal. "I respect their decision but remain interested and available should that situation ever change," the billionaire said in a statement posted on Twitter. Ek spoke out to confirm that he'd made a bid for the P...
Source: businessinsider.com