Music Industry News

Spotify Will Overtake Apple in Podcast Listeners This Year – Analysts Say

Photo Credit: Austin Dietel Analysts’ stats predict Spotify podcast listeners will surpass Apple this year. Here’s a peek at the data. Spotify spent much of the last two years acquiring various podcasting properties. From snapping up Gimlet Media and hosts like Anchor, it appears that investment is starting to take fruit. Analysts’ models predict that […]

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Spotify Facing Defamation Lawsuit Over True Crime Podcast ‘Son of a Hitman’

Photo Credit: Soundtrap Spotify is facing a defamation lawsuit over its true-crime podcast, ‘Son of a Hitman.’ The new lawsuit was brought by an eyewitness to the assassination of a federal judge. The witness testified at the 1980s murder trial of hitman Charles Harrelson. She claims that the Spotify podcast, ‘Son of a Hitman,’ manipulated […]

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Spotify Pulls Hundreds of K-pop Tracks Following Licensing Dispute — Including Monsta X, Sistar, IU, More

Spotify has removed hundreds of K-pop tracks, including works from Monsta X, Epik High, Sistar, IU, and others, following a licensing dispute with South Korean entertainment company and music distributor Kakao M. A number of K-pop fans, as well as some of the affected artists, were quick to address the seemingly far-reaching Spotify takedown on […]

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Following ‘Stream On’ Investor Event, Spotify Offers $1.3 Billion In Senior Secured Notes

Days after hosting a ‘Stream On’ investor conference, Spotify has announced that it will offer $1.3 billion worth of senior secured notes to investors, besides giving participating financial professionals the option of purchasing as much as $200 million in additional notes. The Stockholm-based streaming service revealed its plans to take on up to $1.5 billion […]

Music Industry News

Only 7,500 Artists (0.09%) Make $100,000 or More Annually on Spotify

Photo Credit: Sara Kurfeß Approximately 7,500 artists – 0.09 percent of about eight million on-platform creators – earn $100,000 per year or more on Spotify, company higher-ups have revealed. The noteworthy statistic came to light earlier this week, during the Stockholm-based service’s Stream On investor conference. Spotify spent a good portion of the 100-minute-long livestream […]

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Spotify Won’t Be Raising Its Prices In the US Anytime Soon, CEO Says

Spotify CEO Daniel Ek. Daniel Ek has revealed that Spotify doesn’t plan on increasing the price of subscriptions in the United States anytime soon. The Spotify cofounder and head disclosed this information to the Financial Times, following his company’s announcement-heavy “Stream On” livestream presentation. A number of investors have called for the platform to join […]

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Spotify Says Employees Can Work from Anywhere 100% of the Time — And Still Keep Their NYC and San Francisco Salaries

Photo Credit: Mimi Thian Spotify has announced that it will allow employees to work from anywhere 100 percent of the time – while maintaining their New York City and San Francisco salaries. The Stockholm-based streaming service, which also has offices in New York, Miami, Detroit, and many other cities, recently unveiled its “Work from Anywhere […]

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Spotify Brings Live Lyrics to the US — But This Is Only a Test

Photo Credit: Alexander Shatov More than seven months after bringing real-time lyrics to users in 26 (non-U.S.) countries, Spotify is officially testing live lyrics in America. The Stockholm-based streaming platform recently confirmed that it’s testing on-screen lyrics in the United States – though only “a select number of users” will have access to the feature, […]

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Despite Recent Plunge, Barclays Says Spotify Stock (SPOT) Will Hit $340

Despite its recent plunge, Spotify stock (SPOT) is still going to hit $340 per share, according to Barclays. Mario Lu, an analyst with the London-headquartered investment bank and financial services provider, recently outlined his optimistic vision for Spotify stock. To recap, the streaming platform’s shares fell from close to $350 apiece to about $310 each […]

Music Industry News

Guardian Fund Says Spotify Stock Will Be Worth 5X More by 2030

The Guardian Fund has a strong long-term vision for Spotify stock. Photo Credit: Gizmodo The Guardian Fund, an Amsterdam-headquartered investment management firm, has predicted that Spotify stock (SPOT) will be worth five times more by 2030. Guardian Fund higher-ups made the bold prediction in a recent letter to their investors. Beginning by listing the companies […]