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Digital Economy

Spotify returns to profitability in Q3 2023; registers a record 226m paid subscribers

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2 years ago

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Spotify has returned to profitability during the third quarter of 2023, while the music streaming service delivers the best subscribers' figure count in its history. The service's total Monthly Active Users went up 26% to 574 million — 2 million ahead of guidance and represented the platform's second largest Q3 net addition performance in history.

Spotify's MAUs by region

Total MAUs in Europe and North America for the first time fell below the 50% mark, due to the increasing growth in Latin A...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

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Data

Anghami and Cyanite partner to enrich songs using AI-generated music metadata

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2 days ago

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March 24, 2026

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Streaming service Anghami and AI-powered metadata platform Cyanite have sealed a partnership to enhance music discovery with AI-powered metadata. Cyanite's scalable metadata infrastructure will power personalisation and discovery and provide more opportunities for Anghami users to discover music from the region. Anghami will integrate Cyanite's auto-tagging API to enhance its 2.5 million songs-strong catalogue with detailed audio-based metadata across mood, genre, energy, instrumentation, and m...

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Digital Economy

Deezer achieves profitability in 2025 with revenues down 1.4% to €534.0m

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6 days ago

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March 20, 2026

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Euronext Paris-listed music streaming platform Deezer has posted for the first time net income of €8.5 million for the full year ending December 31, 2025, against a loss of €24.5m the previous year. “2025 marked a turning point for Deezer," said Deezer CEO Alexis Lanternier. "For the first time in our history, we delivered positive net income, alongside sustained positive free cash flow and double-digit adjusted EBITDA. We met or exceeded all of our financial commitments and delivered solid per...

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Creative Industries

Warner Music Group and Netflix form creative partnership to produce films and series on WMG’s artists and songwriters

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6 days ago

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March 20, 2026

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Warner Music Group (WMG) and Netflix have formed a creative partnership under an exclusive multi-year deal that will give the streaming platform a first-look to make documentary series and films based on the lives, music and legacies of WMG’s artists and songwriters. "The combination of Warner Music Group’s IP with Netflix’s global reach is an incredible opportunity to introduce new fans to our artists and songwriters all around the world," said WMG CEO Robert Kyncl.

Unigram, the company lau...

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