Day: 28 octobre 2019

Spotify now has 248m listeners including 113m premium subscribers

Spotify has announced its latest financial results, for the third quarter of 2019. The streaming service now has 248 million monthly active users (MAUs), up 30% year-on-year, having added 16 million in Q3.
113 million of those users are premium subscribers: 31% growth in the last year, with five million having been added during last quarter.
As for the actual financials, Spotify’s Q3 revenues grew by 28% year-on-year to €1.73bn, including 29% growth for its premium subscriptions (to €1.56bn) and 20% growth for its advertising revenues (to €170m). Subscriptions thus account for 90.2% of Spotify’s overall turnover.
The company reported an operating profit of €54m, compared to an operating loss of €6m in Q3 last year. Spotify also reported a quarterly net profit of €241m – if you’re startled at that, look to the line in Spotify’s filing where it reports ‘finance income’ of €226m, compared to €10m a year ago.
The post Spotify now has 248m listeners including 113m premium subscribers appeared first on Music Ally.
Source: Music ally

Will·I·Am’s tech company may have run into financial trouble

Artist, investor, tech entrepreneur and TV-talent-show judge at large: Will·I·Am wears a lot of hats, but one of them may be slipping: his i·am+ technology company appears to have run into financial trouble. The Verge has the details for a company that raised more than $117m in funding by 2017. The report claims that a partnership […]
The post Will·I·Am’s tech company may have run into financial trouble appeared first on Music Ally.
Source: Music ally

Nearly 1,000 musicians join protest against Amazon’s ICE contracts

Amazon recently announced plans to host its own festival in Las Vegas this December, called Intersect. It’s billed as “the place where music, technology, and art converge”, but the event is rousing some strong protests from musicians due to the involvement of Amazon’s AWS (Amazon Web Services) cloud-technology division. Why? This article will fill you in on […]
The post Nearly 1,000 musicians join protest against Amazon’s ICE contracts appeared first on Music Ally.
Source: Music ally

Recording Academy launches ‘Behind The Record’ credits campaign

We referred to it in our story about Pandora adding full credits for songs last week, but now US music body the Recording Academy has officially launched its ‘Behind the Record’ campaign. It’s an initiative encouraging artists to credit all of the collaborators on their music. “Credits have been a casualty of the digital age, […]
The post Recording Academy launches ‘Behind The Record’ credits campaign appeared first on Music Ally.
Source: Music ally

Aller à la barre d’outils