The good news for the Swedish music streaming pioneer is that its price increases are paying off
Rising subscription prices are likely to lead to a rebundling of services
Spotify turned its largest quarterly profit ever after cutting costs
Pioneer of music streaming kicks off more mature era for its business after years of freer spending
Tortured streaming department
Price increases and a growing ad business have been countered by increasing costs
Spotify plans to cull millions of barely listened-to tracks come as the big labels focus on artists with superfans
The series is a casualty of cost-cutting measures, but the latest episodes show its loss would be a tragedy
Sharp change in tone from CEO Daniel Ek shows the platform’s need to turn popularity into profit
Headcounts remain above pre-pandemic totals even after job cuts
Chief Daniel Ek says music streaming service’s costs too high
Region dominates continued rise in global spending by subscribers but industry faces pricing challenges
Figures reflect post-pandemic rebound in public licensing in gigs and hospitality
Audio streaming service adds 6mn subscribers in latest quarter, above Wall Street forecast of 4mn
The US-listed streaming platform’s end ambition must be to increase subscribers first and then monetise them later
Streamer looks to capture more of the market by bundling hours of free listening into monthly subscriptions
Daniel Ek also raises concerns that AI rules made now would quickly become obsolete
Universal’s new deal on streaming royalties underscores how the major labels have remade themselves throughout the digital era
Group suffers overall loss of €302mn in three months to end of June
New tools can create compositions, clone voices and recommend songs to listeners — but can it match the human interaction with fans?
Insiders say the effect of the technology is akin to that of sharing site Napster in the early 2000s
Platform cracks down on bots posing as listeners as flood of content rattles music industry
Investment revealed weeks after music streaming group announced job cuts and widening losses
Big investments in the audio format turn into a drag on the company’s returns
Music streaming group adds subscribers but is hit by rise in operating expenses
