Spotify (SPOT) surged on the heels of its Q2 earnings report with shares climbing more than 13% on Wednesday after the company reported a beat on both revenue and monthly active users. But one analyst says the stock surge was an “overreaction” given the platform’s profitability struggles. “While we believe there remains material user growth left for Spotify we highlight that many investors question whether Spotify will ever be able to generate significant lasting profitability,” Pivotal… Source link
Read More »Google and Spotify’s app store deal could upend the mobile app economy
Hello, and welcome to Protocol Entertainment, your guide to the business of the gaming and media industries. This Friday, we’re discussing Google and Spotify’s new app store deal and what it means for the broader app economy, as well as what you should read, watch and play this weekend. Spotify’s a start, but gaming will be the real test Earlier this week, Google and Spotify announced a joint multiyear agreement hinting at a serious shift… Source link
Read More »The Joe Rogan controversy has exposed Spotify’s biggest weakness
This article was first featured in Yahoo Finance Tech, a weekly newsletter highlighting our original content on the industry. Get it sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe Wednesday, January 19, 2022 Spotify needs to keep its artists happy, or it will have nothing Spotify (SPOT), the world’s most popular music streaming service, faces an existential threat in the form of a boycott by the very artists it needs to survive. So far, Neil Young and Joni Mitchell have… Source link
Read More »Why Spotify’s royalty fight with comedians is a ‘double-edged sword’
Recently, Spotify (SPOT) removed the recordings of hundreds of comedians — including the works of Jim Gaffigan, John Mulaney and Kevin Hart — in the midst of a dispute over royalties. It’s a move that underscores the fight that many podcasters, comedians, poets and other spoken word artists are facing as streaming dominates the entertainment sector, and raises questions about how to compensate those involved. Spoken Giants, a rights administration company founded in 2019, has led the… Source link
Read More »Spotify’s new Podcast Subscriptions expand to global markets
Just a few months after launching support for podcast subscriptions to U.S. creators, Spotify today is making the service available to creators in global markets. The company says the service, which allows creators to mark episodes as “subscriber-only” content, will now become available in 33 new markets worldwide. When podcast subscriptions publicly launched in the U.S., Spotify had introduced a couple of key changes to how the service worked. Before, creators had only been able to choose… Source link
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