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Spotify News
TechCrunch
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Spotify reports its first full year of profitability, adds 35M monthly active users
- Spotify announces its first full year of profitability after 17 years since its inception.
- The operating income for Q4 2024 reached €477 million, amounting to €1.4 billion for the fiscal year.
- Spotify adds 35 million monthly active users, surpassing internal projections and totaling 675 million.
- Despite price hikes, Spotify's paid subscriber base grows to 263 million from 240 million last quarter.
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The Verge
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Spotify finally turned a profit for a full year
- Spotify turned a profit for the first time in 2024, after reporting €1.14 billion in net profits compared to €532 million in losses last year.
- Total yearly revenue grew to €15.6 billion, driven by an 11% increase in Premium subscribers, reaching 263 million.
- Despite raising the price of its Premium subscriptions twice, Spotify managed to attract more subscribers and maintain a total of 675 million monthly active users.
- No information is provided on the launch of Spotify's long-promised lossless streaming option.
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Medium
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big brain breakdown 1 — how spotify trapped 600 million users in its ecosystem
- Spotify's freemium model nudges users into paying for premium by making the free version annoying enough.
- Spotify is not just a music app, but a data company that uses personalization to keep users hooked.
- Despite its success, many artists are not happy with Spotify as streaming doesn't pay well for most artists.
- Spotify's bet on podcasts is facing challenges as owning podcasts is proving to be harder than expected.
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Moneyweb
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Sandton on the rise again?
- Growthpoint Properties, South Africa's largest listed commercial property landlord, is focusing on the Sandton commercial property scene.
- Growthpoint recently revealed its new R2 billion upmarket apartment tower project called Olympus Sandton.
- The company also owns iconic properties such as the Discovery head office in Sandton Central.
- Neil Schloss, head of asset management at Growthpoint, shares insights on the Sandton commercial property market.
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Insider
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YouTubers are using podcasts to reinvent themselves — and cash in
- YouTube creators are using podcasts to reinvent their image and reach new audiences.
- Podcasts are also helping creators to expand their business and make money through memberships, touring, and merchandise.
- Early-day YouTubers are cashing in on the podcast boom to create a new identity, audience, and brand.
- Video podcasts now resemble talk shows, and the boom in video podcasts has grown Youtube into a top podcasting platform in the US.
- YouTubers like Trisha Paytas, Tana Mongeau, Logan Paul, and many others are benefiting from the podcast format.
- Lauren Riihimaki, who built a kid and family-friendly following on Youtube, now hosts a podcast called Wild 'Til 9 with her husband.
- Alex Cooper is the best example of an influencer who's turned a podcast into a sprawling business empire. Cooper's podcast company, Unwell Network, offers several shows, and she recently launched an electrolyte drink called Unwell Hydration.
- The podcast format can open up more revenue streams than traditional YouTube videos, like with touring and merchandise.
- The longer the podcast, the more advertisements can be placed, and some podcasts have a distinct brand and a logo, which may make it easier to create merchandise.
- Jake Shane has taken his viral success to Youtube and Spotify with his podcast, Therapuss, where Shane interviews guests in a talk-show format.
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Insider
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I was laid off from Spotify after moving to Sweden for the job. I had to leave the entire life I built behind and am still looking for work.
- 17% of Spotify employees were laid off in December 2023, including Sophia Omarji, a UX researcher who had to leave Sweden for Dubai due to visa issues and a competitive job market.
- Omarj faced challenges in processing the reality of being laid off, navigating emotional challenges, and dealing with visa complications.
- She learned that the emotional aftermath of losing a job is more complex than she anticipated and embraced the discomfort of not having everything figured out immediately.
- After her layoff, Omarji focused on networking, attending conferences, skill development and exploring new avenues for applying her skills.
- She specialized in music psychology, searching for opportunities to share her expertise through workshops, speaking engagements, blog, and podcast.
- Omarji navigates life on the move and juggling pursuing her next job with quality time spent with family and friends, exploring new places, and focusing on personal and professional projects.
- She is open to similar roles and new directions that align with her goals of working on meaningful and impactful work.
- She also learned that being a junior professional doesn't mean being less capable, but an opportunity to build a strong foundation of skills and knowledge for long-term growth.
- Omarji's ultimate goal is to return to Sweden or any place that provides the best opportunity for her career and life.
- Her story highlights the unique challenges that early career professionals face and how adaptability can lead to personal and professional growth and success.
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TechCrunch
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Amazon hikes prices for its Music Unlimited subscriptions
- Amazon has increased the prices for its Music Unlimited subscriptions.
- The price of an Amazon Music Unlimited Individual plan for Prime members has gone from $9.99 to $10.99 per month.
- For subscribers without a Prime membership, the price has gone from $10.99 to $11.99 per month.
- The Amazon Music Unlimited Family plan now costs $19.99 per month, a three-dollar increase from the previous price tag.
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Digitaltrends
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What is Amazon Music: everything you need to know
- Amazon Music is a music streaming service similar to Apple Music, Spotify, YouTube Music, Tidal, and Deezer.
- Amazon Music offers a library of over 100 million songs, a wide range of popular podcasts to stream and download for offline listening and a massive amount of current and back-catalog songs and albums.
- Plans include Amazon Music Free, Amazon Music Prime, and Amazon Music Unlimited.
- Amazon Music free offers access to millions of podcast episodes and thousands of playlists and stations with ads in between songs. Amazon Music Prime provides ad-free access to the entire song library, podcasts, stations, and playlists.
- Amazon Music Unlimited provides the full experience with no pesky shuffling or limits on what you can and cannot play. It offers access to 100m lossless HD format songs and millions of Ultra HD quality tracks.
- Amazon Music HD and Ultra HD tracks use the FLAC audio codec and rival Tidal and Apple Music's sound quality, respectively.
- Amazon Music interface and controls are user-friendly, providing quick access to My Soundtrack and My Discovery Mix playlists.
- Amazon Music Unlimited individual, family, student, and single-device plans range from $6 to $20 a month.
- Amazon Music can be played on iOS, Android devices, Amazon Echo, and Fire TV devices, Sonos systems, Roku media streamers, web browsers, Android Auto, Apple CarPlay.
- Amazon Music's spatial audio tracks can be experienced through Dolby Atmos-capable devices such as soundbars, headphones, surround sound systems, iOS and Android devices, and the Amazon Echo Studio speaker.
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TechBullion
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How to Get Spotify Free Trial for up to 6 Months (2025 Latest)
- Spotify Premium is one of the best music streaming services worldwide, offering millions of songs at your fingertips with its ad-free experience, offline downloads, and unlimited skips.
- Spotify Premium is not free, but there are several ways to enjoy it without paying.
- Spotify offers a standard 1-month free trial for new users who have never subscribed to Spotify Premium.
- During certain sales events like Black Friday or special holiday promotions, Spotify may offer a 3-month or even 6-month free trial.
- Spotify often partners with mobile carriers, internet providers, and tech companies to offer extended free trials of Spotify Premium.
- Another way to get Spotify Premium for free is by taking advantage of special offers through PayPal or certain credit card companies.
- Stacking trials is a method many users use to get even more months of Spotify Premium free.
- During holidays and special events, Spotify often runs seasonal promotions that can offer 3 to 6 months of free access to Spotify Premium.
- Free trials are a great way to get Spotify Premium without paying, but it's important to cancel the trial before it expires to avoid being charged.
- For those seeking a long-term alternative, ViWizard Spotify Music Converter is a powerful tool that allows you to download and enjoy Spotify music offline without recurring subscription fees.
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UX Planet
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No 7. What I learned from my Spotify layoff a year ago?
- A former employee at Spotify who was laid off shares the lessons they learned from the experience, which led them to new professional and personal opportunities.
- One lesson is to embrace negative emotions and understand that discomfort and pain are part of the process, but feelings are temporary and can coexist alongside determination to move forward.
- Another lesson is to understand that work is temporary, but personal growth and experience is eternal, while the unexpected can lead to new opportunities and skills.
- Change is constant, and embracing it helps us to grow, develop, remain flexible, and seize new opportunities, while reframing challenges as stepping stones can help to make sense of them and lead to further success.
- Employees who are laid off should understand that it is not personally about them, but a large business decision which has opened space for growth and further development of skills.
- The author has become part of the booming AI industry and has gained valuable expertise. They serve as a career coach, share insights with others and has gained visibility within their industry.
- A layoff is an event that can be viewed as a new beginning of possibilities for exciting outcomes. Embrace the unknown, trust the process, and believe that what lies ahead will be far better than what you're leaving behind.
- The author has written 100 posts on Medium, sharing their thoughts and ideas on various topics like personal growth, business strategy, leadership, and more, in the hope of providing support along the way.
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The Verge
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Spotify says that streaming has made the world ‘value music’
- Spotify aims to have 1 billion paying subscribers to streaming services.
- Spotify paid out $10 billion to the music industry in 2024, totaling almost $60 billion since its founding.
- Over 10,000 artists generate over $100,000 per year from Spotify alone.
- Spotify wants to normalize the behavior of paying for music and make it accessible to everyone.
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Siliconera
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SoulCalibur Series Soundtracks Appear on Streaming Platforms
- Bandai Namco released nine original soundtracks from the SoulCalibur series on digital purchase and streaming platforms.
- The soundtracks include songs from all six mainline numbered SoulCalibur entries, as well as from Soul Edge and SoulCalibur: Broken Destiny.
- The latest addition is an orchestral arrangement called SoulCalibur Suite - The Resonance of Souls and Swords.
- SoulCalibur VI, the latest entry in the series, is available on multiple platforms.
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TechCrunch
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Spotify says it paid $10 billion to music industry last year
- Spotify paid $10 billion to the music industry last year, totaling $60 billion in payouts since its inception.
- Spotify aims to dispel reports of not properly rewarding artists and highlights its contributions to the music industry.
- According to the International Federation of the Phonographic Industry, there are over 500 million paying music streaming customers worldwide.
- Spotify's per-stream rates were reported as the lowest compared to other streaming platforms in 2024, although it disputes the claims.
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