SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Spotify had 239 million subscribers in Q1 2024, up 14% compared to Q1 2023

Published

1 year ago

on

Spotify has reached a new milestone — for the first time in its history, the audio streaming service has posted gross profits in excess of €1 billion (€1.004bn to be specific) during the first quarter of 2024, reflecting the new strategy focusing on profitability and revenue growth.
During the quarter, total revenue reached €3.6bn, up 20% year-on-year, with operating Income improved to €168m. Gross Margin reached 27.6%. Premium Revenue grew 20% y-o-y to €3.24bn, reflecting subscriber growth of...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Related Topics:

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).

Continue Reading

Digital Economy

Netflix’s Chief Product Officer Eunice Kim is departing the video streaming service  

Published

4 days ago

on

September 13, 2025

By

Eunice Kim, who has served as Netflix's Chief Product Officer since 2023, has announced that she is leaving the streaming company. A search for a replacement has been launched. In the interim, Chief Technology Officer Elizabeth Stone will take on the role. 
 "Over the past five years, we grew the business together from 200 million to over 300 million members by successfully launching and scaling many major growth initiatives, including the ads plan. We also redesign...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

AMRA inks direct multi-territorial, multi-year licensing agreement with Spotify

Published

4 weeks ago

on

August 24, 2025

By

AMRA, the Kobalt-owned global digital licensing collection society, has entered into a direct multi-territorial, multi-year licensing deal with streaming service Spotify. The deal is "designed to deliver greater flexibility and value to AMRA’s songwriter and publisher clients," according to a statement from AMRA.
The two companies said that the deal represents "a broad direct licence for digital mechanical and performing rights," and its framework "reflects a genuinely collaborative effort betwe...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Creative Industries

Calendar — Week 32, 2025

Published

4 weeks ago

on

August 22, 2025

By

2025
SEPTEMBER 2025
– Sept. 11-13

By:larm conference and festival in Oslo, Norway.
– Sept. 17-10
Reeperbahn conference and festival in Hamburg.
OCTOBER 2025
– Oct. 2-4

Waves Vienna, at the Gürtel Lokale Wien.
– Oct. 6-7
Ad Synch Summit in New York.
– Oct. 7-9

 IMPF Global Music Summit Palma at the Hotel Marina in Palma de Majorca.
– Oct. 14-17

MondoNYC Music & Tech Conference & Showcase Festival in New York.
– Oct. 15-17

Ma...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending