Music Streaming news and trends

Spotify Shifts From One-Size-Fits-All to Customized Subscription Plans
Earnings // July 26, 2024

Spotify Founder and CEO Daniel Ek believes the company’s approach to flexibility for its customers is a key success factor. Second-quarter earnings, reported on Tuesday (July 23), highlightedSpotify’s accelerated revenue growth, achieving record highs for both gross margin and operating income. Innovations like daylist and...

Spotify Hits Record Q2 Earnings Amid Double-Digit User Growth
Earnings // July 23, 2024

In its earnings report released Tuesday (July 23), Spotify showcased a record-breaking second quarter, driven by features in its music offerings such as daylist and AI DJ, alongside expansions into video podcasts and audiobooks. These developments have bolstered user engagement, the company said, reinforcing Spotify’s...

Spotify Faces FTC Complaint From Music Publishers
Streaming // June 13, 2024

Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers’ Association (NMPA) filed the complaint with the Federal Trade Commission (FTC) Wednesday (June 13), alleging that the streaming audio platform’s decision to offer audiobooks to subscribers meant fewer royalty payments to...

Spotify Reportedly Planning Higher-Priced Premium Subscription
Subscription Commerce // June 11, 2024

Spotify is reportedly readying a new and higher-priced premium plan for its most devoted users. The new plan, set to be unveiled later this year, will charge users at least $5 per month more, Bloomberg News reported Tuesday (June 11), citing a source familiar with...

Quick Reads
TikTok Pulling Plug on Streaming Music Service

September 24, 2024
TikTok says its streaming music service won’t be around for much longer. “We are sorry to inform you that TikTok Music will be closing on 28 November 2024,” the video sharing media platform said in a post on its website. “We would like to thank you for all of your support, and we hope you […]

Spotify Faces FTC Complaint From Music Publishers

June 13, 2024
Spotify is facing an FTC complaint from music publishers and songwriters over royalties. As Bloomberg News reported, the National Music Publishers’ Association (NMPA) filed the complaint with the Federal Trade Commission (FTC) Wednesday (June 13),...

Spotify Reportedly Planning Higher-Priced Premium Subscription

June 11, 2024
Spotify is reportedly readying a new and higher-priced premium plan for its most devoted users. The new plan, set to be unveiled later this year, will charge users at least...

EU to Rule on Apple Music Streaming Case in Early 2024

December 13, 2023
The European Union (EU) is reportedly preparing to take action against Apple over alleged anticompetitive practices in its App Store. The EU regulators are investigating Apple’s blocking of music services...