Spotify swings to loss as it adds 200,000 audiobooks to paid service | Spotify
Spotify’s expansion beyond music has seen the streaming service slip back into the red after acquiring the rights to 200,000 audiobooks for premium members, including Prince Harry’s autobiography and comedian David Mitchell. ‘s “Unruly” proved to be the most popular among listeners. The world’s largest music streaming service has been offering 15 hours of free […]
Stocks making the biggest moves premarket: Spotify, Eli Lilly, Palantir, UBS and more – CNBC
Check out the companies making headlines before the bell. Spotify — Streaming stocks soared 7.4% after Spotify reported an increase in premium memberships (which reached 236 million in the fourth quarter). This beat analyst estimates based on FactSet consensus. Palantir — Shares of the data analytics provider rose by 20% on Monday after the company […]
Joe Rogan’s new Spotify deal reportedly valued up to $250M
Spotify has signed another “multi-year” deal with Joe Rogan worth $250 million, but the audio giant will no longer be the sole distributor of his popular podcast, according to the Wall Street Journal. . A Spotify spokesperson told the Post the Journal’s estimates were “inaccurate” but declined to elaborate on the financial terms of the […]
Joe Rogan strikes $250M deal with Spotify, including distribution on YouTube
Popular podcaster and media personality Joe Rogan has signed a new distribution deal with audio provider Spotify for “The Joe Rogan Experience.” The contract is estimated to be worth up to $250 million. according to The Wall Street Journal deal includes a guaranteed minimum upfront payment, in addition to a revenue-sharing agreement based on advertising […]
Spotify claims to have paid audiobook publishers ‘tens of millions’ in royalties | Books
Spotify announced that it has paid out “tens of millions” to audiobook publishers since allowing users to listen to 15 hours of audiobooks with its premium subscription package last fall. Regarding this figure reported by an industry magazine, the company said, bookstoresaid it is “100% royalty” and expects royalty payments to “continue to increase” in […]
‘Exortion, Plain and Simple:’ Spotify CEO Daniel Ek Blasts Apple’s Proposed App Store Changes
Spotify CEO Daniel Ek said Apple’s recently proposed App Store policy changes represent a “new low” for the tech giant. The head of Spotify, who has consistently criticized Apple’s stranglehold on the app market and the “taxes” it imposes on in-app purchases, calls Apple’s proposed changes “a robbery, plain and simple.” business insider report Apple […]
Hoda Kotb Embarrassed on ‘Today’ After Sharing Her Surprisingly “Angsty” Personalized Spotify Playlists: “‘Trust Issues, Drunk Text Me’ – Oh Jeez”
today Host Hoda Kotb gave viewers an inside look at her personal Spotify account through Daylist, an “ever-changing” personal playlist that updates every two hours. The result was surprisingly upsetting for the cheerful daytime host. Playlists that show how musical interests change throughout the day typically have unique titles that reflect the user's listening mood. […]
Spotify has 600M users, but struggles to turn a profit
Spotify dominates the music streaming market, with around 600 million monthly active listeners and a 30% market share, but the Stockholm-based company has not been able to turn a profit. Spotify has a footprint more than twice that of its next largest competitor, Apple Music, but the leading audio streaming company reported a net loss […]