Eleven-year-old Will Page is sitting on a Scottish beach, imploring his math-teacher father to teach him “what economics means.” His father points to the water and asks him how a politician should combat a rise in child drowning deaths. “Why not make swimming lessons compulsory?” Page suggests. “No more children …
Read More »Spotify Stocks Drops As It Misses Third-Quarter Forecasts — But Revenue and Subscribers Climb
Spotify stock is down Thursday as the company missed analyst projections on sales, but the company reported double digit year-over year-increases in both revenue and monthly active users, and ad revenue, which had taken a slight dip because of the pandemic last quarter, returning to growth. Revenue, up to $2.3 …
Read More »Spotify's Biggest Artist of 2019 Was Smaller Than Last Year's. Why?
Are the world’s biggest superstars having a tougher time of things on Spotify in 2019? Or is it just that the service really misses Drake? On December 3rd, Spotify confirmed its biggest track and artist of the year. (A little premature, perhaps, but announcing such things early in December allows …
Read More »Spotify's Monthly $10 Fee May Not Stay So Low for Long
In its entire decade of existence, Spotify has struggled to balance the two tenets of its business — high licensing payouts to artists and labels and a wonderfully cheap monthly fee for users — resulting in a balance sheet that prompts worried squints from investors and music industry analysts. But …
Read More »Hear Alessia Cara's Acoustic Cover of Nelly Furtado's 'I'm Like a Bird'
Alessia Cara covered Nelly Furtado‘s breakthrough hit “I’m Like a Bird” for the Spotify Singles series. Cara also recorded a stripped-down, poignant take on herThe Pains of Growing track “Out of Love” for the streaming service. Cara’s take on Furtado’s debut single remains faithful to the bright, liberating tone of …
Read More »Spotify Now Has 200 Million Users, But Only Half of Them Pay for Music
Spotify surpassed 200 million monthly active users at the end of 2018, the 10-year-old streaming service announced during an interview at Las Vegas’s Consumer Electronics Show this week. In November, Spotify said in a financial disclosure to investors that it had 191 million monthly active users, 87 million of them …
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