PYMNTS-MonitorEdge-May-2024

music streaming

Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
Spotify CEO: Upping User Engagement and Expanding AI Use Paid Off
November 13, 2024  |  Earnings

For Spotify founder and CEO Daniel Ek, the company’s third-quarter results reflect the momentum it’s built over the past year and the realization of long-term strategic goals....

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TikTok Pulling Plug on Streaming Music Service
TikTok Pulling Plug on Streaming Music Service
September 24, 2024  |  Social Commerce

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...

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

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...

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

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...

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

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...

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

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,...

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Spotify Dubs 2024 ‘Year of Monetization’ as Subscribers Surge 14% in Q1
Spotify Dubs 2024 ‘Year of Monetization’ as Subscribers Surge 14% in Q1
April 23, 2024  |  Earnings

Spotify is tuned in to upbeat earnings outcomes, marking a robust beginning to its designated “year of monetization” after a standout performance in 2023 characterized...

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EU to Rule on Apple Music Streaming Case in Early 2024
EU to Rule on Apple Music Streaming Case in Early 2024
December 13, 2023  |  ANTITRUST

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...

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Spotify Turns to Google for AI Listener Recommendations
Spotify Turns to Google for AI Listener Recommendations
November 16, 2023  |  Streaming

Spotify has expanded its partnership with Google to deepen its artificial intelligence (AI) offerings. The streaming audio platform has worked with Google Cloud since 2016, and announced Thursday...

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