The calls on social media came after concerns were raised over artist royalties and the platform donated to the Trump inauguration.
KeyBanc raised the firm’s price target on Spotify (SPOT) to $600 from $555 and keeps an Overweight rating on the shares. The firm expects
Spotify convinced a New York federal judge on Wednesday to dismiss a lawsuit that accused the streaming service of underpaying songwriting royalties for tens of millions of songs.
Spotify won a ruling dismissing the Mechanical Licensing Collective's lawsuit alleging the streamer illegally cut royalty rates by adding audiobooks.
Spotify Technology SA won dismissal of a lawsuit alleging it made a change to its premium service that cheated songwriters out of royalties.
Spotify defeated a lawsuit from the Mechanical Licensing Collective accusing it of unfairly cutting royalty rates via its audiobooks-music 'bundle.'
In the blog, humbly titled “Getting the world to value music,” Kaefer describes the pre-streaming era of music as an exclusive club that made it difficult for new artists to enter the industry. “Now, you can record something today and have it on Spotify tomorrow,” said Kaefer. “Everyone’s invited.”
Music streaming major Spotify says it paid a record $10 billion in royalties to the music industry in 2024. Nigeria is the only African country showing tremendous growth in the streaming market at this time. This payout brings Spotify’s total payout to nearly $60 billion since its inception in 2008.
Audio streaming company Spotify said Tuesday that it paid $10 billion to the music industry last year. The company added that it has given nearly $60
Spotify is looking to land more video creators. Its head of content partnerships shared how the platform is taking on podcast rivals.
Industry figures put Spotify at 70 per cent of the Australian audio streaming market. That’s a more dominant market position than even Qantas in Australian aviation. But the Swedish-based platform employs just a handful of workers in its Australian office and serves predominantly international content to Australian ears.
Musical theatre fans have issued a complaint to Spotify about their real-time lyrics feature. The music streamer introduced on-screen lyrics across its mobile and desktop apps in 2021. However, users have noticed errors in the words on screen and how they are spelled when following songs along.