Spotify: Last News

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All news where Spotify is mentioned

nme.com
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Global value of music copyright surpasses cinema box office takings for first time ever
Spotify and PRS For Music and he has published a report that indicates that the total value from recorded music, publishing and royalties, as collected by Collective Management Organisations (CMOs), reached $45.5billion last year (£36billion), compared to a total cinema box office taking of $33.2billion (£26.4billion).That puts music as 38 per cent more valuable than its movie counterpart, a sharp swing compared with a year as recent as 2019, where the cinema intake was 33 per cent ahead of music.“If you had suggested when I first did this exercise in 2015 that music might overtake cinema, you would have been laughed out of the room,” said Page. “Back then, the silver screen towered over the likes of Spotify and Netflix”.The report continues that music copyright has risen by 11 per cent per year since 2021, with Page suggesting that by next year, the figure could have doubled from 2014’s $25billion (£20billion).“Make no mistake, it’s boom time,” Page said.He also notes that vinyl sales are growing faster than streaming – with an increase of 13.4 per cent compared with streaming’s 10.4 per cent – while he also estimates that vinyl will soon be outselling CDs globally.The report also notes that the split in distribution of music income remains constant, with 63 per cent going to labels and artists, while the remaining 37 per cent goes to songwriters, publishers and CMOs.Page also points to the growing importance of the live performance of music, in comparison to licensing.
nme.com
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Spotify is using ghost artists to minimise royalty costs, new report claims
Spotify is filling listeners’ playlists with “ghost artists” to minimise royalty costs.Per Liz Pelly’s findings shared in Harper’s Magazine, popular playlists ranging from jazz and classical to lo-fi hip-hop are being padded out with material by ghost artists, effectively decreasing the amount of royalties Spotify pays genuine musicians while increasing their overall profit margins.Known as “Perfect Fit Content” (PFC), the practice was introduced to Spotify’s editors in 2017 and engineered to maximise profit by partnering with a collection of production companies, largely located outside the US.Pelly’s report noted that when the issue first came into public view earlier this year, a Spotify spokesperson claimed the allegations were “categorically untrue, full stop”, and denied the company was creating its own fake-artist tracks.NME has reached out to Spotify for a comment.“But,” she continued, “while Spotify may not have created them, it stopped short of denying that it had added them to its playlists.”The report also nodded to findings by music writer David Turner, who used analytics to show Spotify’s “Ambient Chill” playlist had been wiped of artists like Brian Eno, Bibio, and Jon Hopkins in favour of tracks from Epidemic Sound, a Swedish company that offers a subscription-based library of production music, including the kind of stock material largely used in the background of adverts and TV programmes.One former employee said of the practice: “Some of us really didn’t feel good about what was happening. We didn’t like that it was these two guys that normally write pop songs replacing swaths of artists across the board.
nypost.com
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Harry & Meghan can’t read the room— and their ‘Polo’ dud and try-hard Christmas card prove it again
sent out their public Christmas card this week, featuring a montage of photos —with multiple shots of them hugging and holding hands with the good people of Nigeria during their “faux” royal tour earlier this year.They are humanitarians here to save the world, whether the world wants them or not.The message on the card exuded all the warmth of a Chat GPT robot, reading, “On behalf of the office of Prince Harry and Meghan, The Duke and Duchess of Sussex, Archewell Productions and Archewell Foundation, We wish you a very happy Holiday Season and a Happy New Year.” Despite the collection of happy photos (reportedly a more personal one was sent to friends), the haughty Sussex corporation is a failing venture. Having been given a whopping $100 million deal with Netflix — the ultimate nepo-baby trophy — the couple still can’t read a room or an audience.Their latest offering, the docu-series “Polo,” is a resounding flop.“This series offers audiences an unprecedented, behind-the-scenes look into the passion and determination driving some of the world’s elite polo players, revealing the grit behind the glamour,” Prince Harry has said.Sounds great, Harry! I love sports. I love sports documentaries.
nme.com
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New Jersey politician fakes Spotify Wrapped findings to show only Bruce Springsteen songs
Bruce Springsteen.The state’s Democratic representative Josh Gottheimer took his eagerness to support New Jersey legend Springsteen to the next level – posting his results from Spotify Wrapped 2024 online and showcasing his commitment to listening to The Boss.“No surprises here… Fun fact: My first ever concert was at Meadowlands to see The Boss!” he shared on social media, alongside an image which showed his top five songs of the past 12 months being the singer’s hits ‘Thunder Road’, ‘Because the Night’, ‘Glory Days’, ‘Badlands’, and ‘The Rising’.No surprises here…Fun fact: My first ever concert was at Meadowlands to see The Boss! pic.twitter.com/xuAcNn8si8— Josh Gottheimer (@Josh4Jersey) December 6, 2024Upon the results being shared, however, some viewers were quick to notice slight discrepancies between the politician’s results and the Wrapped results shared online by other Spotify users.In the screenshot Gottheimer shared on X/Twitter, there seemed to be a slightly different font choice for the song titles, and the spacing between the letters seemed slightly askew – leading to it being deemed a fake.After outlets like the New Jersey Monitor weighed in and asked him for comment, Gottheimer went on to reveal he had doctored the results to avoid including his children’s choice in music in the list.“This would be my Spotify Wrapped if I didn’t share my account with my 12 and 15-year-old kids,” Gottheimer said in a statement. “While it’s Springsteen all day for me — don’t get me wrong, I still love listening to Taylor Swift!”He continued: “To paraphrase the Boss: I wasn’t here for business baby, I was only here for fun.
nme.com
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More music released in a single day in 2024 than the whole of 1989, says study
Music Radar has examined the current state of the “music creation economy”, with one key finding being that each day sees more new tracks arriving on streaming services than were released “in the calendar year of 1989”.Will Page, former Chief Economist of Spotify and PRS For Music, added: “And more of that music is being done by artists themselves, meaning there’s even more demand for music production software.”The report also notes that there was a 12 per cent increase in the number of music creators between 2021 and 2022, with the number standing at 75.9 million.It also predicts the number will more than double by the end of the decade, with an estimated total of 198.2 million music creators by 2030.“Not only will casual music creation become mainstream, it will trigger an unprecedented widening of the music creator economy funnel,” the report said.It has previously been reported that in 2023, 120,000 tracks were being added to Spotify and other streaming services each day, for an annual total of over 43 million.This summer, Spotify revealed it had topped expectations with its profits and premium subscriber numbers, despite the controversies surrounding the platform.It had a 2024 second quarter revenue of £3.2billion, up 20 per cent on the previous quarter, and a net profit of £230million.These figures follow the service raising prices for most of its existing plans in early June, and cutting down 17 per cent of its workforce in order to save costs at the end of 2023.It is likely the profits also benefited from the streaming service officially demonetising all songs on the platform with fewer than 1,000 streams. That policy was launched on April 1, but had been planned by the platform for some time.

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