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Lossless audio has been the elephant in the Spotify boardroom over the last few years. First teased in 2021, the green streaming giant’s competitors have since beaten the company to the post. But, rumour has it Spotify is set to roll out a Music Pro tier by the end of this year. It’ll add a cost of around £6 on top of your monthly bill. While Spotify’s CD-quality streaming has had a number of potential names over the years (from Spotify HiFi to Supremium), Music Pro is said to be the final name of the new tier, which will also offer AI mash-up features and exclusive access to gig tickets, an anonymous source tells Bloomberg... The post It looks like Spotify lossless audio is coming later this year appeared first on MusicTech. View the full article -
Spotify has inked yet another large deal with a record label conglomerate, this time with Warner Music. According to reports, the deal will “shape the future of audio-visual streaming”, and also introduces a direct licensing model with Warner Chappell Music, which Spotify says “builds on the companies’ existing alignment” around royalty payments for artists. The deal follows a similar one signed with Universal Music Group... The post Spotify might host “new paid subscription tiers“ following deal with Warner Music Group appeared first on MusicTech. View the full article
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Spotify has recorded its first full year of profitability in its Q4 earnings report from 2024. The streaming platform ended the year “stronger than ever” by outperforming across key metrics, according to the report. Its first full year of profitability was first predicted in its Q3 data, which was released back in November last year... The post Spotify confirms 2024 was its first full year of profitability – amid ongoing industry debate surrounding artist payouts appeared first on MusicTech. View the full article
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Ambient is more popular than ever but it can be hard to make a living at it. Six professional musicians give advice on how you can earn money by making ambient music. The post Making Ambient Music: How to Earn $3000 a Month From Spotify appeared first on gearnews.com. View the full article -
In a new report published by Spotify’s VP and Head of Music, David Kaefer, he says the streaming giant paid out $10 billion to the music industry in 2024, and has paid out nearly $60 billion since its inception. In the blog post – titled On Our $10 Billion Milestone and a Decade of Getting the World to Value Music – Kaefer says “the system we built together is working, and where we are now is only the beginning”... The post Spotify paid out $10 billion to the music industry in 2024: “Where we are now is only the beginning” appeared first on MusicTech. View the full article
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Björk has slammed Spotify as “the worst thing that has happened to musicians”, noting the way streaming culture has forced artists into relentless touring just to make ends meet. In a new interview with Swedish publication Dagens Nyheter, the Icelandic musician – who now resides full-time in her hometown of Reykjavík and co-runs a record store she once worked at as a youngster – says that the grind of performing live has become less of a creative choice and more of an economic necessity given the dominance of streaming... The post Björk calls Spotify “the worst thing that has happened to musicians” appeared first on MusicTech. View the full article
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Universal Music Group and Spotify have inked a new multi-year deal to “advance the next era of streaming innovation”. The new agreements, centered around recorded music and music publishing, will focus “on growth, innovation and the advancement of artists’ and songwriters’ success,” said the companies in a joint statement... The post Universal Music Group and Spotify ink new multi-year deal that will “advance music monetisation” and “accelerate product innovation” appeared first on MusicTech. View the full article
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Spotify is padding out listeners’ playlists using “ghost artists” to reduce its royalty costs, a new report has claimed. According to Liz Pelly’s findings in Harper’s Magazine, the ghost artists are appearing on all sorts of popular playlists from jazz and classical to lo-fi hip-hop. It effectively lowers the amount of royalties Spotify pays genuine musicians while increasing their overall profit margins... The post Spotify allegedly using ‘ghost artists’ to minimise royalty costs appeared first on MusicTech. View the full article
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Spotify’s “Supremium” subscription plan with access to high-fidelity audio looks set to land this year, as reports claim it will also include new tools for creating playlists and managing your song library. Mentions of the “Supremium” tier began back in 2021. In June 2023, it was again reported that it would arrive that same year along with audiobook access. This feature was rolled out to standard premium users instead... The post Spotify’s “Supremium” subscription tier to arrive “later this year”, according to reports appeared first on MusicTech. View the full article
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If you’re at Glastonbury this year or watching at home with the BBC, you can curate your experience with the Spotify-integrated Glastonbury 2024 app. The festival and the streaming platform are joining forces this year for Vodafone’s official Glastonbury app, available on iOS and Android. The app aims to make planning the festival experience easier, with all the crucial info about artists, stages, and set times, so fans can create their own personal festival calendar... The post Glastonbury and Spotify team up to launch an official Glastonbury festival app appeared first on MusicTech. View the full article
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