Earlier in June, the Hong Kong government applied for an injunction to ban dissemination of the pro-democratic song “Glory to Hong Kong.” The piece was suddenly removed from multiple streaming platforms, including Apple Music and iTunes. On June 15, the composer and original composing team of “Glory to Hong Kong,” Dgx, posted on its Facebook…
‘Glory to Hong Kong’ Is Re-launched on the Shelves Including Spotify, Except Apple Music
Spotify to Lay Off 200 Workers in Podcast Division
Spotify Technology SA said on Monday it would cut 200 jobs from its podcast unit in its second round of layoffs, as the company restructures the business after years of heavy investment. The move affects about 2 percent of the music-streaming giant’s workforce and aligns Spotify with the likes of Meta Platforms and Roku, which…
Hopes Music Body Could Take Fans From Beyoncé to Briggs
Less Beyoncé, more Adam Briggs. Less SZA, more Sampa the Great. How to make the music streaming giants play more Australian songs? The new industry body Music Australia should have the answers, according to the boss of the Australia Council, soon to be renamed Creative Australia. “This whole notion of discoverability is such a big issue…
Spotify Shares Jump on Bullish Outlook as More Users Tune In
STOCKHOLM/LOS ANGELES—Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments in technology and content. Chief Executive Daniel Ek said the “macro environment” changed dramatically over the course of last year, setting the stage for belt-tightening. “In hindsight, I probably got a little carried away…
Spotify to Trim 6 Percent of Workforce in Latest Tech Layoffs
Music streaming service Spotify said on Monday that it will cut six percent of its workforce, or about 600 jobs, joining a growing list of technology companies in announcing job cuts to lower costs. CEO Daniel Ek announced the restructuring in a message to employees that was also posted on the company’s blog. “Over the…
Spotify Latest Tech Name to Cut Jobs, Axes 6% of Workforce
Music streaming service Spotify said Monday it’s cutting 6% of its global workforce, or about 600 jobs, becoming yet another tech company forced to rethink its pandemic-era expansion as the economic outlook weakens. CEO Daniel Ek announced the restructuring in a message to employees that was also posted online. As part of the revamp involving…
Spotify CEO Joins Elon Musk, Accuses Apple of ‘Shameless’ Policies
The CEO of Spotify joined Twitter owner Elon Musk Wednesday in criticizing Apple over its App Store rules, claiming the firm only acts in its own self-interest. In a thread on Twitter, Spotify CEO Daniel Ek wrote that as Musk and “countless entrepreneurs” have noted, “Apple is shameless in their bullying including our recent efforts to…
Spotify CEO Says Streaming Giant Won’t Ban Kanye West Music After Social Media Comments
Spotify’s CEO Daniel Ek has vowed not to remove Kanye West from the music streaming platform following backlash over comments he made on social media that have been called offensive and antisemitic. In an interview with Reuters on Wednesday, Ek acknowledged that the comments made by West, whose legal name is Ye, were “just awful” but that the…
Spotify Analyst Finds Risk-Reward Compelling, but Sees Audiobooks Immaterial Into Year-End and 2023
Spotify Technology SA launched audiobooks in the United States last week. What Happened Commenting on the development, KeyBanc Capital Markets analyst Justin Patterson reiterated an Overweight rating and a $148 price target for Spotify shares. Audiobooks could be immaterial to Spotify’s performance into the year-end and likely in 2023, too, Patterson said in a note….
Spotify Takes on Amazon’s Audible, Launches 300,000 Audiobooks for US Users
Music streaming giant Spotify Technology S.A. launched on Tuesday its audiobook service for U.S. consumers after its acquisition of global audiobook distributor Findaway back in June. The Swedish company has made over 300,000 audiobooks available on a pay-per-download basis, from independent authors to major publishers, challenging the U.S.’s largest audiobook service Audible of Amazon Inc. Users…
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