• Spotify touts ‘full recovery’ from COVID-19 fallout with subscription growth

    Spotify touts ‘full recovery’ from COVID-19 fallout with subscription growth

    Spotify said it has rebounded from the slump it suffered at the height of the coronavirus pandemic as it continued to add subscribers.The Swedish streaming giant’s chief executive Daniel Ek
  • Spotify’s quarterly loss widens despite soaring user growth

    Spotify’s quarterly loss widens despite soaring user growth

    Music streaming giant Spotify deepened its loss in the second quarter, even as its total pool of monthly active users neared the 300 million mark. The Stockholm-based company said its net loss swelled to $418 million from a loss of $76 million a year earlier because of dried-up advertising and higher-than-expected payroll taxes linked to …
  • Taylor Swift album ‘Folklore’ breaks Spotify, Apple Music streaming records

    Taylor Swift album ‘Folklore’ breaks Spotify, Apple Music streaming records

    Taylor Swift’s latest album “Folklore” is breaking the Internet. Since dropping last Thursday at midnight, “Folklore” was streamed 80.6 million times on Spotify, breaking the Swedish company’s record for first-day album streams by a female artist, it said. “Folklore” is also the most-streamed pop album on Apple Music in 24 hours with 35.5 million streams, …
  • Spotify, Universal Music Group strike global licensing deal

    Spotify, Universal Music Group strike global licensing deal

    Universal Music Group and music streaming giant Spotify inked a multiyear global licensing pact on Wednesday. The deal will allow Universal — the world’s largest record label which reps the likes of Lady Gaga, Taylor Swift, Drake and Kanye West — to promote its artists on Spotify’s platform and be an early adapter of the …
  • Warner Music Group moves forward with IPO despite coronavirus

    Warner Music Group moves forward with IPO despite coronavirus

    Warner Music Group, the music label behind Cardi B., Ed Sheeran and Bruno Mars, moved forward with its planned initial public offering, saying Tuesday that it will raise as much as $1.8 billion for shareholders. Backed by billionaire Len Blavatnik, shareholders of the New York-based record group, which is home of Asylum, Atlantic Records, Parlophone, …
  • Spotify adds 6 million subscribers but warns of coronavirus hit

    Spotify adds 6 million subscribers but warns of coronavirus hit

    Music streaming giant Spotify added another 6 million paying customers in the first quarter but lowered its revenue forecast as ad sales got hit by the economic fallout of the pandemic. The global health crisis began to slam Spotify’s business in late February, the Stockholm-based company said Wednesday, with steeper declines in hard-hit markets such …
  • Babyface vs. Teddy Riley battle match goes awry, redo slated for tonight

    Babyface vs. Teddy Riley battle match goes awry, redo slated for tonight

    It wasn’t exactly the Thrilla in Manila. But still, Saturday night’s Instagram battle between ’90s R&B giants Babyface and Teddy Riley was much anticipated — even as the mega all-star “One World: Together at Home” benefit played on. But due to technical difficulties, the showdown had to be rescheduled for tonight — and the battle …
  • Elton John, DJ D-Nice and other music livestreams to watch this weekend

    Elton John, DJ D-Nice and other music livestreams to watch this weekend

    This pandemic can’t stop the music, as more artists are getting creative to stay in tune with their fans. At-home and other livestream concerts are being held, and streaming services are serving up special music content to keep your ears happy while you’re on coronavirus lockdown. Here are six things to keep your house party …