Spotify paid the UK music industry £750m last year, doubling the money generated by UK artists since 2017. Ed Sheeran is at the forefront of this growth.
Spotify achieved record profits exceeding €1bn (£860m) despite laying off 1500 employees. The music streaming service demonstrated impressive financial performance.
Spotify's content filter has been found to be ineffective in blocking explicit lyrics in numerous popular songs, exposing users to swear words and racial slurs. This issue persists despite the explicit content being supposedly blocked.
Pianist Jamie Duffy's genre-bending music has garnered almost one million monthly Spotify listeners worldwide, resulting in a significant impact on his life.
In a communication to its workforce, Spotify CEO Daniel Ek announced a significant workforce reduction of 17%, a move aimed at mitigating costs and adapting to a deceleration in growth. Ek highlighted that the company had oversaturated its employee count in 2020 and 2021, during a period of accessible capital and substantial tech company investments.
Spotify is increasing the price of its single-account premium plan for the first time since 2011, and other plans will also see a price hike.
Spotify has ended its beneficial cope with the Duke and Duchess of Sussex for the couple to provide podcasts.