Spotify, the music streaming platform, has announced record profits of over €1 billion, after a year of cost-cutting measures and trimming staff. The Sweden-based company has been growing its user base steadily for years, but its quarterly gross profit came at the expense of missing its forecast for monthly active users. The company has a […]
Following the continued success of AEW Unrestricted and multiple talent-hosted podcasts, AEW’s resident gamers Evil Uno and Adam Cole – known within the gaming community as TheCHUGS – have announced the launch of the All Elite Arcade podcast, which will cover reviews and games they are currently playing, as well as gaming industry news. The […]
The European Commission (EC) has fined Apple over €1.8 billion for abusing its dominant position on the market for the distribution of music streaming apps to iPhone and iPad users through its App Store. In particular, the Commission found that Apple applied restrictions on app developers preventing them from informing iOS users about alternative and […]
Moonbug Entertainment, a part of Candle Media, has announced the appointment of Courtney Holt as the company’s first Global Head of Music and Strategic Audio Initiatives. As part of his role, Holt will foster the growth of Moonbug’s music label through strategic partner alliances and strengthening relationships with established and emerging artists. Holt will also […]
In a study of 100 popular apps, research from cybersecurity company Surfshark highlights entertainment apps, particularly Spotify and SoundCloud, share data with third parties the most, while YouTube collects significant amounts of user data. Out of the 10 analysed entertainment apps, almost half track some of the data points collected across platforms. Research is aided […]
Music-streaming service Spotify has announced it is cutting 17 per cent of its workforce, approximately 1,500 staff, in a cost-cutting measure. Chief executive Daniel Ek said “substantial action to rightsize our costs” was needed for the Sweden-based company to meet its objectives. “I recognise this will impact a number of individuals who have made valuable […]
The revenues of the Recurring Payments market were estimated at $130.2 billion (€115.8bn) in 2022 and are anticipated to grow at a CAGR of 6.9 per cent from 2023 to 2033, according to a Fact.MR report. By the end of 2033, the market is expected to reach a valuation ofS $268.7 billion. Recurring Payments for […]
Spotify is reportedly considering adding full-length music videos to its app to help the music streaming service better compete with the likes of YouTube and TikTok. Spotify is said to already be talking to partners about the feature, according to Bloomberg. Spotify – who has not commented on the rumours – currenty allows bands and […]
AudioUK, the trade body for independent audio production companies, is calling for more of BBC’s radio and audio non-news speech content to be open to competition for external producers. It has made the call in response to the publication of an internal radio and audio speech production review, the result of which is some speech […]
Media fragmentation has been creating challenges across sectors, and Retail and CPG are no exception. Strategic decisions are becoming more complex as brands search for the most effective response to the cost-of-living crisis, the growth of ecommerce, changing consumer expectations, shoppers’ desire for more personalised experiences and the splintering of the media landscape. There are […]