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In March 2017, Spotify acquired Sonalytic, an audio detection startup, for an undisclosed amount of money. Spotify stated that Sonalytic would be used to improve the company's personalized playlists, better match songs with compositions, and improve the company's publishing data system. [74]
In the United States, Spotify's Family Plan subscription was increased by $1 to $15.99 per month, while its UK plan prices have been raised across its Student, Duo and Family Plan subscriptions.
Spotify expects operating income of 481 million euros ($509.76 million) in the fourth quarter, compared with the LSEG-compiled average analysts' estimate of 445.7 million euros.
Spotify is the largest platform of all — making up roughly 31% of the total market share — with a reported 626 million users and 246 million subscribers in over 180 markets. In July, Spotify increased its monthly subscription cost. So, how does money from advertisers and subscription fees move from Spotify to artists’ wallets, anyway?
Spotify Wrapped, the app's annual rundown of each user's listening data for the year, historically drops around the top of December. (Last year, it debuted on Nov. 29). (Last year, it debuted on ...
Spotify, a music streaming company, has attracted significant criticism since its 2008 launch, [1] mainly over artist compensation. Unlike physical sales or downloads, which pay artists a fixed price per song or album sold, Spotify pays royalties based on the artist's "market share"—the number of streams for their songs as a proportion of total songs streamed on the service.
Some critique that this system makes it so artists get paid as low as one-tenth of a cent per steam, while streaming services like Spotify tripled in value with no increase in payouts to artists. [7] This is one of the main limitations that comes with music streaming services. [8] [9]
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