03:11 GMT - Friday, 07 February, 2025
On Tuesday morning, Spotify announced its fourth-quarter earnings, marking its first full year of profitability since its inception 17 years ago. The operating income for the quarter reached a record €477 million ($509.48 million) and amounted
Posted 2 days ago by inuno.ai
Spotify’s share price continues to soar in 2025 following a massive gain in 2024, making the music streaming company’s $109.3 billion market capitalization worth about the same as every standalone, publicly traded music company from which
Posted 3 days ago by inuno.ai
In a banner week for music stocks, record labels and music publishers posted gains after Universal Music Group (UMG) signed a new licensing deal with Spotify and Amazon announced further price increases for its music streaming
Posted 6 days ago by inuno.ai
On Sunday (Jan. 26), news broke that Universal Music Group and Spotify had struck a direct deal affecting both the company’s recorded music and publishing royalty payments. The recorded music side of the deal marked an
Posted January 29, 2025 by inuno.ai
Universal Music Group and Spotify have struck a new direct deal, impacting both the company’s recorded music and publishing royalty rates, the companies announced today (Jan. 26). In a statement, UMG chairman/CEO Lucian Grainge said that
Posted January 26, 2025 by inuno.ai
PartyNextDoor‘s 2013 cult classic “Break From Toronto” becomes the Canadian R&B singer-songwriter’s first song to hit one billion Spotify streams. His label OVO Sound celebrated his feat on X Friday (Jan. 24), when Party got even
Posted January 25, 2025 by inuno.ai
Investors are betting there’s more gas in Spotify’s tank as the streaming company’s stock price reached an all-time high of $511.98 on Friday (Jan. 24) and finished the week at a record closing price of $510.43,
Posted January 25, 2025 by inuno.ai
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