CEO Daniel Ek wants Spotify to become "relentlessly resourceful." The company's financial results showed it was becoming less efficient as it led the music industry's renaissance.
Sales and streams of "Rich Men" dropped 83% in 10 weeks after topping the Hot 100. That's a bigger drop than "Anti-Hero" and "Flowers" but smaller than "Try That In a Small Town" and "Like Crazy."
Only 0.5% of the royalty pool will be impacted, however, reflecting the large number of tracks that receive few streams.
The original version of Speak Now lost 60% of its weekly U.S. consumption in the 12 weeks after Swift released her Taylor's Version album of re-recordings.
English-language hits used to dominate. In the current streaming era, they're being replaced by artists performing in local languages.
The artist’s recent NFL moment shows she’s way more than a singer — she’s an economic force.
In 2023's second half, subscription revenue will remain strong and synch revenue may show little effect from the WGA strike, though future growth is less certain.
Along with bolstering its sagging share price, the sale is aimed at convincing investors to back the fund for five more years.
Lean-back listening has gotten a bad rap, but streamers and rights holders should recognize the value it brings to fans.
The streaming service must overcome numerous obstacles to complete its SPAC deal -- and even if it closes, it likely faces a tough road ahead.
