Tags: Spotify

North Carolina 'Musician' Faces Charges After Earning $10M from AI-Generated and Bot-Boosted Music

North Carolina 'Musician' Faces Charges After Earning $10M from AI-Generated and Bot-Boosted Music

North Carolina man Michael Smith made $10 million by using AI and fake accounts to flood music streaming services with artificial songs, leading to charges of wire fraud and money laundering.


Spotify's Q2 Profit Surpasses Expectations After Layoffs, Price Hikes

After laying off employees and implementing price hikes, Spotify reported meeting a more-than-expected financial outlook in Q2 2024, with its stock up over 10% and a total revenue of $4.14 billion.

Spotify Introduces New Basic Streaming Plan in the US

Spotify has unveiled a new basic streaming plan for users in the US. Spotify has unveiled a new basic streaming plan for users in the United States (US) following recent price hikes for its premium subscriptions.

Canada Requires Online Streaming Firms to Pay For Local News, Content

Online streaming providers are required to give 5% of their income to the Canadian broadcasting system.


Latest News

After laying off thousands of employees, Spotify achieves record profits of over €1 billion ($1.1 billion), driven by podcasting, despite missing monthly user forecasts.
Spotify plans price hikes in key markets, with the US likely affected later. Individual plans to raise $1, duo and family by $2.
A group of key app developers, which include Epic Games, Spotify, and others, known as the Coalition for App Fairness (CAF), is supporting the DOJ's antitrust lawsuit against Apple.
Netflix, Spotify, and other digital media providers face scrutiny over their tax exemption as the World Trade Organization debates the fate of the e-commerce moratorium during its Abu Dhabi meeting.
Spotify's EU complaint over Apple's alleged unfair competition receives a reply from the Cupertino-based company as a potential 500 million euro fine looms.
Apple Sends Out Threat Alerts, Warns iPhone Users in 92 Countries About Mercenary Spyware Attacks
The EU may fine Apple $539 million for restricting music streaming. Is this related to Spotify's complaint in 2019?
Spotify to Lay Off 17% of Its Workforce — Here’s What CEO Daniel Ek Has to Say
Music streaming giant Spotify has announced a significant workforce reduction, saying it will lay off 17% of its employees.
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.
Apple Music has gained another million subscribers, following its previous 10 million members. It means that Apple is chasing to compete tightly with its competitor, Spotify.
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