Spotify: Last News

Green Day’s ‘American Idiot’ has hit a major milestone, with the song officially registering one billion streams on Spotify.The song was the title track of the band’s Grammy-winning seventh album, which is celebrating its 20th anniversary this year. It is Green Day’s second song to join Spotify’s billions club, after ‘Basket Case’.It only reached Number 61 on the Billboard Hot 100 at the time of its release in 2004, but did hit Number Three in the UK and was later nominated for four Grammys.It comes ahead of an official re-release of the album, which will include “limited edition super deluxe box sets” on 8LP vinyl and 4CD, as well as Blu-rays, original documentaries and unreleased tracks.

Oasis’ music on Spotify this week as speculation grew over a reunion announcement over the last week.The band shared news this morning that they had indeed reunited and that they will embark on a huge stadium tour in 2025, which will see them appear in Manchester, London, Cardiff, Edinburgh and Dublin.Anticipation of the reunion reached fever pitch this weekend when Liam Gallagher used his Reading Festival 2024 headline set on Sunday (August 25) to tease an announcement. The social media accounts of Oasis and brother Noel soon shared the same teaser, telling fans that news would be coming at 8am today (August 27).The band subsequently launched the OASIS LIVE 25 world tour with 14 stadium dates set to take place between Cardiff, Manchester, London, Edinburgh and Dublin next summer.

market capitalization tumble to $39.9 billion, down from $56.5 billion a day earlier, according to FactSet.The music group’s revenue rose 9.6% year-over-year in constant currency, bringing in 2.93 billion euros. This came in above analysts’ estimates of 2.89 billion euros, according to Visible Alpha.Music subscription revenue grew 6.9%, as major players like Spotify and Apple Music have raised subscription prices.Meanwhile, streaming revenue dropped 3.9%, which Universal attributed to its other streaming partners’ new subscription numbers falling.

Spotify has revealed that it has topped expectations with its profits and number of premium subscribers this quarter – despite controversies surrounding the platform.The figures for the second lquarter of 2024 were shared yesterday (July 23), and saw the streaming giant turn in a record profit that exceeded expectations, as well as an increase in seven million paid premium subscribers.In the report, Spotify revealed that it had a Q2 revenue of €3.81billion (£3.2b) – an increase by 20 per cent since the last quarter – and a net profit of €274million (£230m), versus a loss of €302million (£253m) the year prior.It also shared that operating costs had decreased by 16 per cent, and the gross margin for the period was ahead of expectations, coming in at 29.2 per cent compared to 2023’s 24.1 per cent.By the end of Q2, Spotify stands at 626million monthly active users, a gain of 11million, and 246million of which are subscribed to Premium – an increase of seven million. Elsewhere, ad-supported revenue in the quarter grew by 13 per cent, and shares of the platform have expanded by over 12 per cent since the figures were revealed.While Spotify told its shareholders that the spike in figures stemmed from “healthy subscriber gains, improved monetization and record profitability”, it should also be noted that the profits have also been impacted by more controversial decisions made by the brand recently.These include the streaming service raising prices for most of its existing plans in early June – something which Spotify made a nod towards in its recent statement.

Spotify has begun to remove Russian artists who are in support of the war in Ukraine from the streaming platform.Back in 2022, Spotify shuttered its Moscow office in response to Russia’s ongoing invasion of Ukraine. Confirming its Moscow office would be closed “indefinitely”, the streaming platform said they were “providing individual support to our personnel” in Moscow, as well as their “global community of Ukrainian employees”.They then suspended their services in the country after Russia introduced a new legislation that makes it illegal to report any event that could discredit the Russian military.“Spotify has continued to believe that it’s critically important to try to keep our service operational in Russia to provide trusted, independent news and information from the region,” the company said in a statement.Now, the streaming platform has begun to take down the profiles of pro-war Russian artists – removing their music entirely.As reported by The Moscow Times, artists such as the band Lyube, Grigory Leps, Oleg Gazmanov, Polina Gagarina, and Shaman, among others have been affected by Spotify’s choice to pull pro-war Russian artists from their services.In a statement sent to the publication, Spotify said: “Platform Rules clearly state that we take action when we identify content which explicitly violates our content policies or local laws.

Deadmau5 has spoken out against Spotify following comments made by the streaming platform’s CEO Daniel Ek last month about the cost of “creating content”.In late May, Ek – who also co-founded Spotify – made comments implying that it is easier and more affordable than ever to create “content” thanks to modern technology. “Today, with the cost of creating content being close to zero, people can share an incredible amount of content.

Billie Eilish has become the third artist to reach 100million monthly Spotify listeners, and the youngest yet to reach the milestone.The ‘Happier Than Ever’ singer follows behind Taylor Swift – who has 102million monthly Spotify listeners – and The Weeknd – who tops the list with 107million monthly listeners on the music streaming platform.Both Swift and The Weeknd have over double the amount of songs on Spotify than Eilish, with the latter only having 82 tracks on the platform. She also makes history as being the youngest to reach the 100million monthly listeners at the age of 22.Speaking about the achievement, Jeremy Erlich, Spotify’s global head of music told Billboard: “Spotify has been a part of Billie’s story from the start.

Spotify will reportedly finally release a high-fidelity audio tier for its subscribers.According to a report from Bloomberg, the streaming platform is set to charge $5 more per month for hi-fi audio. The new price will be added on top of existing premium plans.Additionally, the new tier will reportedly offer subscribers “new tools for creating playlists and managing their song libraries.”Though the official release date is unknown, an insider told Bloomberg it is expected to drop “later this year”.Competing platforms like Apple Music and Amazon Music already have lossless audio integrated into their plans at no extra cost.The family plan will see a rise of $3 at 19.99 per month while Spotify’s student plan will remain at the discounted price of $5.99 a month.

IDLES have shared two new recordings as part of their first Spotify Singles release, including a cover of ‘Mood Swings’ by Little Simz.The Bristol rock band have reworked the track to feature a more lo-fi soundscape, embracing the dance music references that influenced their latest album ‘TANGK’. Their electronic-driven take on ‘Mood Swings’ also incorporates elements of Peaches’ ‘Fuck The Pain Away’ and The Chemical Brothers’ ‘Elektrobank’.‘Mood Swings’ comes from Little Simz’ EP ‘Drop 7’, released February this year. Produced by Jakwob (Nia Archives, Shygirl), the original version was drenched in 808s and club-inspired beats, alongside an interpolation of Solange’s ‘Binz’ that’s absent in IDLES interpretation.As part of the release they also shared a new recording of ‘Roy’, a track from ‘TANGK’.

Glastonbury 2024 app is now available to download, with a range of new features and the chance to get personalised Spotify playlists.Glastonbury is gearing up for its return to Worthy Farm from June 26-30, with Dua Lipa, Coldplay, and SZA set to headline the Pyramid Stage. Other major acts on the bill include Shania Twain, LCD Soundsystem, Little Simz, The National, Avril Lavigne, The Last Dinner Party, Jungle, Justice, Bloc Party, Fontaines D.C., Yard Act, Arlo Parks and Gossip.And now, ticket holders can download the free app onto their smartphones and set about exploring the site map and creating their own customised line-ups.The official Glastonbury 2024 app is available now!Download the free app, which is powered by @VodafoneUK, to get live Festival updates, an interactive map & to create your own personalised line-up planner – inc the opportunity to connect your Spotify account and get… pic.twitter.com/DN2DS15rUf— Glastonbury Festival (@glastonbury) June 7, 2024The app, available on iOS and Android, is provided by Vodafone, and includes a number of features including customised Spotify playlists, made up of artists on the bill that are represented in users’ listening habits.The app also offers map pinning to set meeting points and to help users find their tents and cars, and shareable line-ups so friends can share their plans.

Spotify have announced that it will be raising the price of its monthly premium plan.Last summer, the streaming platform hiked its subscription prices for the first time ever in the 10 years since the streaming service launched. At the time, the premium plan went up to £10.99 per month, up from the previous price of £9.99 monthly in the UK.

Spotify CEO Daniel Ek, following his claims that “content” costs “close to zero” to make.The comments from the CEO of the streaming giant were shared last week (May 29), and saw Ek take to X/Twitter to imply that it is easier and more affordable than ever to create “content” thanks to modern technology.“Today, with the cost of creating content being close to zero, people can share an incredible amount of content. This has sparked my curiosity about the concept of long shelf life versus short shelf life,” he wrote.“While much of what we see and hear quickly becomes obsolete, there are timeless ideas or even pieces of music that can remain relevant for decades or even centuries,” he added, before questioning: “What are we creating now that will still be valued and discussed hundreds or thousands of years from today?”Needless to say, the comments were quick to spark a response from across the online community, with countless music lovers and musicians coming forward to criticise the CEO as being “out of touch”.Today, with the cost of creating content being close to zero, people can share an incredible amount of content.

push to increase margins.The company raised prices of its individual plan to $11.99 from $10.99 per month, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in its largest market by revenue.Spotify has been trying to boost its margins in recent months by lowering marketing spending and through layoffs, after relying on promotions and hefty investments to drive user growth.Shares of the company, which competes with services from Apple and Amazon, rose more than 4%.“We’re increasing the price of Premium Individual so that we can continue to invest in and innovate on our product offerings and features,” Spotify said in an email, which it plans to send to its subscribers in the US over the next month.Spotify’s revenue in the US grew nearly 11% to 5.23 billion euros ($5.69 billion) in 2023, according to its annual report.The company offers an advertising-supported free service with limited features and a subscription-based paid service that gives access to all its functionality, with premium subscribers accounting for most of its revenue.Analysts expect the streaming giant could drive further growth by offering tailored subscription plans based on consumer preferences in verticals such as music, audiobooks and podcasts.The company’s quarterly gross profit topped 1 billion euros ($1.09 billion) for the first time in April after it reined in marketing spending.Its premium subscribers rose by 14% to 239 million and it forecast monthly active users at 631 million for the second quarter.

Spotify’s CEO, after he claimed that “the cost of creating content” in today’s world is “close to zero”.Daniel Ek, the CEO of the streaming giant, sparked backlash following the comments he made yesterday (May 29) – implying that it is easier and more affordable than ever to create “content” thanks to modern technology.Writing on X/Twitter, he shared an update which read: “Today, with the cost of creating content being close to zero, people can share an incredible amount of content. This has sparked my curiosity about the concept of long shelf life versus short shelf life.”He continued: While much of what we see and hear quickly becomes obsolete, there are timeless ideas or even pieces of music that can remain relevant for decades or even centuries.

NME reported on Sunday (May 26) that the streaming platform issued a statement about the device on its official website, saying it will be discontinued and will “no longer be operational”. “This decision wasn’t made lightly, and we want to assure you that our commitment to providing a superior listening experience remains unchanged,” the statement read.On the page’s Q&A section, Spotify confirms that the device will be unusable from December 9 onwards – its owners are encouraged to reset it to factory settings before disposing of it in accordance with local electronic waste guidelines. There will be no refund or trade-in options offered by Spotify as well.The announcement has been met with a largely negative public response.

Spotify have announced their decision to abandon making its ‘Car Thing’ devices just three years after release.The Car Thing is an accessory released by Spotify back in 2021 that “allows users to control Spotify through car speakers when connected to a phone by using both voice recognition and preset buttons.”Originally, the company revealed in a 2022 earnings report that it had stopped manufacturing the product. Now, Spotify will axe the Car Thing in its entirety, announcing it will “no longer be operational” after December 9, 2024.“We’re discontinuing Car Thing as part of our ongoing efforts to streamline our product offerings,” they wrote on their website.

Hoobastank‘s track ‘The Reason’ has topped one billion streams on Spotify – joining the likes of Ed Sheeran, Drake, Coldplay and more.‘The Reason’ was released on January 26, 2004, as a single from the band’s second album of the same name. The power ballad is Hoobastank’s most commercially successful single. Upon its release, the track earned the Number Two spot on the US Billboard Hot 100 chart and Number One on the US Modern Rock Tracks chart.The following year, the song earned the band two Grammy nominations for Song of the Year and Best Pop Performance by a Duo or Group with Vocals.

Steve Albini‘s bands Shellac and Big Black now have their catalogues available for listening on Spotify.Albini passed away aged 61 earlier this month due to a heart attack. He was well known for being the producer of major albums such as Nirvana’s ‘In Utero‘, Pixies’ ‘Surfer Rosa’, PJ Harvey’s ‘Rid of Me’, Manic Street Preachers‘ ‘Journal For Plague Lovers’ and more.Back in 2022, the late producer took his music off the streaming platform.

forthcoming podcast with Lemonada Media was reportedly pushed back to next year. According to In Touch, honchos at the company put the project on pause for fear that the upcoming launch of her lifestyle brand, American Riviera Orchard, would take attention away from her audio endeavors. “Meghan gets greedy,” an inside source told the publication.

Spotify has announced record profits of over €1billion (£860m), following staff being laid off, subscription prices rising and costs being cut across the board.The growth of the company comes as streaming continues to dominate the music industry, and the platform has gone on to offer its subscribers access to podcasts and audiobooks too.Currently, the Swedish company has around 615million users across the globe, and has invested a huge amount of money in growing the brand since its initial launch back in 2006. However, reports of the profit come following a year of the brand cutting costs and laying off staff.Late last year, Spotify announced that it was cutting down 17 per cent of its workforce in order to save costs.

inked a deal with Lemonada Media to launch a new podcast series after Spotify decided not to renew the steep $20 million deal for a second season of “Archetypes.”Lemonada will now distribute her previous Spotify podcast series to all platforms.“The relaunch of Meghan’s Archetypes podcast got pushed back to 2025,” a source told the Daily Mail.The “smaller podcast company is struggling to get off the starting blocks,” the insider shared, adding that the company does not want the podcast’s launch to be overshadowed by the “Suits” alum’s new Netflix series.The Post has reached out to Lemonada Media and reps for the Sussexes for comment.The Sussexes inked a lucrative $100 million deal with Netflix back in 2020.