Welcome to Music Business Worldwide’s weekly round-up – where we make sure you caught the five biggest stories to hit our headlines…
Tag: Spotify
Italian-language music now part of the ‘$100M+ club’ on Spotify
Spotify’s Loud & Clear initiative, which reveals data about stream counts and royalty payouts on the platform, has unveiled 2024…
Martin Lorentzon just cashed out $666m worth of Spotify stock in less than a week
Spotify co-founder Martin Lorentzon has offloaded a mountain of shares in the streaming giant. Yesterday (Wednesday, May 21), Lorentzon sold…
Spotify says iOS payment rule change boosted Premium subscriptions
Spotify said its iOS app update, approved by Apple earlier this month, drove “a significant increase” in conversions from free…
Royalties generated by German artists on Spotify reached $520m in 2024, up 17%
MBW’s Stat Of The Week is a series in which we highlight a data point that deserves the attention of…
Bruno Crolot to leave Spotify for a role at Believe
Long-time Spotify executive Bruno Crolot is leaving the music streaming company. Our sources tell us that Crolot, who is currently…
UK artists generated more than $1bn on Spotify in 2024, up 8% from a year earlier
The UK’s share of the global music market may be shrinking as music globalizes in the age of streaming, but…
Spotify expands AI DJ feature with voice-based music requests for Premium users
Spotify is testing voice-based music requests for its AI DJ feature, allowing Premium subscribers to verbally customize their listening sessions…
Early Spotify investor TCV offloads nearly $190m worth of shares
Affiliates of private equity firm Technology Crossover Ventures (TCV) sold nearly 300,000 shares of Spotify on Tuesday (May 6), with…
Daniel Ek has now cashed out $800m+ in Spotify stock, with his latest transaction banking $28.8m
Spotify CEO Daniel Ek sold another $28.8 million worth of company shares last week, continuing a divestment pattern that has…