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...But Spotify said at the time that Apple’s compliance was a “complete and total farce”....
...Higher-end audio is a crucial edge for Apple Music over rival Spotify, but it costs more money to produce....
...(FTAV)— The ludicrous Spotify nationalisation proposal (FTAV)...
...“It is really a new Spotify you’re seeing, where we are being relentlessly resourceful in all of our costs.” Shares in Spotify were up 14 per cent after the opening bell....
...Spotify’s gross margin of 26.7 per cent remains some way off its long-term target of 30 to 35 per cent. Spotify can raise prices further....
...It added that Spotify paid Apple zero per cent commission on sales of subscriptions....
...Spotify and other streaming services pay “the industry” billions of dollars a year in royalties....
...It has been a chaotic couple of weeks at Spotify....
...Spotify shares jumped 8 per cent in morning trade in New York....
...In 2014, she pulled her music from Spotify, explaining that she was “not willing to contribute my life’s work to an experiment”. She returned in 2017....
...Yet it seems likely that Spotify will have to pay publishers for the content. The end ambition, for Spotify, must be to increase subscribers first and then monetise them later....
...Spotify is 18 years old, provides the soundtrack to our lives and is still not profitable. Have a great week, Helen ThomasHead of Lex...
...Times, Ek also said that development of artificial intelligence would be “super important” but raised concerns that regulations made now would quickly become obsolete because of the speed at which the technology...
...Operating expenses were down 13 per cent from the same period a year ago, when Spotify lost €166mn....
...This week music streaming services Spotify and Tidal joined the group. Spotify’s plan to cut its headcount by 17 per cent is the music streaming company’s third reduction this year....
...Spotify plans to roll out the programme in the US this winter....
...With modern technology, it’s easier than ever to make music from your bedroom....
...Its initial public offering in 2021 had sought to capitalise on investors’ growing enthusiasm for the music sector, which enjoyed a return to growth thanks to the rise of streaming platforms like Spotify...
...The changes were designed to give developers like Spotify choice, Apple said....
...These include a “core technology fee” of 50 cents on every download or update of apps with more than 1mn downloads....
...The commission began its investigation into Apple in 2019 after music streaming app Spotify launched a complaint accusing the company of anti-competitive behaviour....
...The moves come after the commission hit Apple with a €1.8bn fine for preventing music streaming apps such as Spotify from informing users about cheaper deals....
...It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology.”...
...Context: The EU will fine Apple for allegedly breaking the bloc’s competition rules in a long-running case that dates back to a complaint by music streaming app Spotify in 2019....
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