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Apple Inc
EU to hit Apple with first ever fine in €500mn music streaming penalty
...But Spotify said at the time that Apple’s compliance was a “complete and total farce”....
February 18, 2024
Apple Inc
Independent record labels push back on Apple’s pay plans
...Higher-end audio is a crucial edge for Apple Music over rival Spotify, but it costs more money to produce....
February 2, 2024
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
FT Alphaville
Taylor Swift broke Spotify
...Taylor Swift’s relationship with Sweden’s most successful tech company has always been a bit tense, and her new album seems to be causing some problems over at Spotify....
April 19, 2024
Spotify Technology SA
Spotify hits record quarterly profit as it enters ‘new phase’
...“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 11.4 per cent on Tuesday....
April 23, 2024
LexSpotify Technology SA
Spotify is still missing the high notes on profitability Premium content
...Price increases and a growing ad business helped Spotify pull in €13.2bn in revenue last year, a 13 per cent jump from the prior year. But costs are growing more quickly....
February 6, 2024
Inside BusinessJavier Espinoza
Why Big Tech fines do not work
...It added that Spotify paid Apple zero per cent commission on sales of subscriptions....
April 10, 2024
FT Live
TNW Conference 2024 - The Next Web
Europe’s leading tech event for corporates, startups, investors and governments
Thursday, 20 JuneAmsterdam, Netherlands
Inside BusinessAnna Nicolaou
Streaming model for music set for a streamlining
...Spotify and other streaming services pay “the industry” billions of dollars a year in royalties....
January 18, 2024
Inside BusinessAnna Nicolaou
How Spotify won its streaming war but lost a quarter of its staff
...It has been a chaotic couple of weeks at Spotify....
December 14, 2023
Spotify Technology SA
Spotify to cut almost a fifth of staff in efficiency drive
...Despite its popularity, Spotify has throughout its history struggled to make a consistent profit — a source of increasing frustration from investors....
December 4, 2023
News in-depthTechnology regulation
Blind internet users struggle with error-prone AI aids
...This can mean providing image descriptions for blind users, removing animations that trigger epilepsy and delivering content in a way that assistive technologies, such as screen readers, can understand....
April 7, 2024
News updates from April 19: Israel launches retaliatory strikes against Iran; S&P 500 falls for third straight week
S&P 500 falls for third straight week as Nvidia notches worst day since 2020
...The blue-chip S&P 500 dropped 0.9 per cent on Friday, capping its longest losing streak since October 2022. It fell for the third week in a row, losing 3.1 per cent across five sessions....
April 19, 2024
Taylor Swift
Taylor Swift’s return to TikTok puts her at odds with Universal
...Big music companies earn billions of dollars a year through royalty payments from streaming services and social media groups including Spotify, Apple and Meta....
April 11, 2024
LexSpotify Technology SA
Spotify: audiobooks move speaks volumes about margin woes Premium content
...Podcasts, which Spotify put a lot of store in, have turned out to be a costly distraction....
October 4, 2023
LexIntuit Inc
AI boom can even work on your taxes Premium content
...The stock has gained nearly 40 per cent over the past 12 months, outpacing the S&P 500’s 20 per cent rise....
April 22, 2024
LexHelen Thomas
The Lex Newsletter: everybody drink Premium content
...Spotify is 18 years old, provides the soundtrack to our lives and is still not profitable. Have a great week, Helen ThomasHead of Lex...
February 7, 2024
FT Live
Transforming the Finance Function with AI
Strategies for delivering advanced analytics, automation and decision-making
Thursday, 25 AprilDigital Conference
InterviewDaniel Ek
Spotify boss urges UK to enact tougher regulation of tech gatekeepers
...“More and more of these developers are now finding that Apple is a competitor.” The EU has launched an antitrust case against Apple after Spotify made a complaint against it in 2019....
October 2, 2023
Spotify Technology SA
Spotify swings to profit after cutting costs and raising prices
...Operating expenses were down 13 per cent from the same period a year ago, when Spotify lost €166mn....
October 24, 2023
LexTechnology sector
Tech lay-offs: expect revenue per employee to climb next year Premium content
...Like Netflix, Spotify is a well-known global brand. It is trying to balance subscription rate increases with competition from the likes of Amazon and YouTube Music....
December 7, 2023
Spotify Technology SA
Spotify pushes into audiobooks in challenge to Amazon’s Audible
...Despite its popularity — with more than half a billion users across the world — Spotify has long struggled to make a consistent profit....
October 3, 2023
US equities
Nvidia drops 10% as investors see risk in Big Tech shares
...The decline accounted for roughly half of the 0.9 per cent fall in Wall Street’s S&P 500, according to Bloomberg data....
April 19, 2024
News updates from December 4: Spotify and Telefónica slash jobs, Qatar cuts stake in Barclays
Risers and fallers in the US
...A group of the biggest technology stocks, known as the “magnificent seven”, were down....
December 4, 2023
News updates from January 19: S&P 500 closes at record high, Ford cuts production of electric truck
S&P 500 closes at record high as technology rally pushes stocks higher
...Wall Street stocks hit a record high on Friday, with strong gains for large technology companies finally pushing the index to a new peak after a shaky start to the year....
January 19, 2024
Inside BusinessAnna Nicolaou
The last of pop’s superstars?
...With modern technology, it’s easier than ever to make music from your bedroom....
April 11, 2024
Believe
Believe looks to take music group private less than 3 years since IPO
...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...
February 12, 2024
The Big Read
Will Big Tech agree to play by Europe’s rules?
...“Under the new terms, if we stay in the App Store and want to offer our own in-app payment, we will pay a 17 per cent commission and a €0.50 cent core technology fee per install and year....
March 5, 2024

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