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Spotify (NYSE: SPOT) is the world's largest music streaming platform. Its stock has been on a tear this year with a 142% gain so far, which crushes the 23% return in the S&P 500 (SNPINDEX: ^GSPC) .
Spotify is increasing its prices again, less than a year after it last hiked prices for most of its subscription plans.. The latest price hike comes as streaming media companies face rapidly ...
Spotify posted a multi-record quarter on Tuesday after recently hiking the prices of its premium US subscription plans.The company also alluded to a more expensive streaming tier to come as the ...
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Between 2017 and 2022, the "fake artists" allegations died down, often giving way to other controversies suffered by Spotify, such as their 2019 deal with Joe Rogan. [2] In 2022, however, the Swedish newspaper Dagens Nyheter discovered that approximately 20 musicians had been producing tracks for over 500 fabricated names on Spotify and named the production company Firefly Entertainment as a ...
Spotify is increasing its prices for the first time in 12 years. On July 24, the music streamer announced it would increase the cost of its premium subscriptions by up to an additional $2 a month.
South Korean boy band BTS is the most-streamed group in Spotify's history. [1] The following list contains the most-streamed artists on the audio streaming platform Spotify. As of February 2024, American singer-songwriter Taylor Swift is the most-streamed artist, [2] and Canadian rapper Drake is the most-streamed male artist in Spotify's history.
In January Spotify announced a round of layoffs for 6% of its staff, later following that up with a smaller, more targeted headcount reduction at its high-profile podcasting division.