Spotify and Warner Music Group (WMG) have unveiled a new multi-year agreement that covers both recorded music and music publishing, the companies announced on Thursday. WMG owns labels behind popular artists like Dua Lipa, Coldplay, and Ed Sheeran. The companies said in a press release that “the new deal will help deliver new fan experiences,…
Category: music streaming
Apps, Global IT News, Global Security News, Media & Entertainment, music streaming, Spotify
Spotify reports its first full year of profitability, adds 35M monthly active users
On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted to €1.4 billion ($1.495 billion) for the 2024 fiscal year. Spotify also reported an addition of 35 million monthly…
Apps, fitness app, Global IT News, Global Security News, iOS apps, music streaming
Walkstar is a new iOS app that pauses songs when you stop moving
There are plenty of pedometer and step counter apps in the world, but this new app has a fun twist. Walkstar, which launched Tuesday in the App Store, enhances your workout by syncing your tunes with your movement. The moment you pause, the music fades away, making it a perfect motivator for those looking to…
Artist payout, artists, Global IT News, Global Security News, Media & Entertainment, music streaming, Spotify
Spotify says it paid $10 billion to music industry last year
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 billion in industry payouts since its inception. This is another effort from Spotify to dispel reports that the company doesn’t reward artists properly for their work. The key point…
Apps, creator economy, Global IT News, Global Security News, Media & Entertainment, music streaming, Podcasts, Spotify
Spotify’s partner program for podcast hosts is now available
Spotify announced Thursday the launch of its new “Partner Program” that lets popular podcast hosts monetize their video content. Spotify’s new program gives qualifying creators on its platform opportunities for extra income beyond just advertising revenue, such as video payouts. The program was initially announced back in November and is officially available in the U.S.,…
Apps, artists, Global IT News, Global Security News, music streaming, soundcloud
SoundCloud introduces a cheaper plan for artists
Music streaming platform SoundCloud announced Tuesday that it is introducing a new, cheaper paid plan for artists simply called Artist, while renaming its Next Pro plan to Artist Pro. The new basic tier will cost $39 per year and put some limits on features like track amplification, distribution, monetization, and AI mastering. Artists subscribing to…