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In August 2021, Spotify launched a test subscription tier called Spotify Plus. The subscription costs $0.99 and is supposed to be a combination of the free and premium tiers. Subscribers to this plan will still receive ads but will get the ability to listen to songs without shuffle mode and skip any number of tracks.
Over the past four years, Spotify has spent more than $1 billion on podcasts such as Joe Rogan's in an attempt to triumph over rival music subscription services from Apple and Amazon.
Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
In November 2020, Spotify announced its intent to acquire Megaphone from Graham Holdings for US$235 million. [20] The acquisition was completed in December 2020. [ 21 ] After the acquisitions of podcast technology companies Whooshkaa in December 2021 and Chartable in February 2022, Spotify announced that these products will be integrated into ...
The Joe Rogan Experience is a podcast hosted by American comedian, presenter, and UFC color commentator Joe Rogan.It was initiated on December 24, 2009, on YouTube by Rogan and comedian Brian Redban, who was its sole co-host and producer until 2012 when Jamie Vernon, who would eventually take over production, was hired to co-produce.
The stock, which lost more than two-thirds of its value in 2022, is up about 130% year to date. Still, shares remain 50% below their record close of $364.59 in February 2021.
Spotify spent over $56 million to acquire Parcast; however, the total compensation has been reported to be over $100 million. [ 3 ] [ 4 ] This makes the Parcast acquisition one of the largest podcasting platform mergers in US history and largest single acquisition deal of Spotify's $400 million acquisition program. [ 5 ]
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