The FinTech Hub
Source: The Verge I’m hard-pressed to find another example of a tech company announcing something and then waiting over four years to actually ship it, but that’s exactly the situation we’ve reached with Spotify and its long-delayed HiFi feature. The latest reports indicate it’s finally coming in a matter of months as part of a…
Source: The Verge It’s been nearly four years since Spotify announced a HiFi tier for its music streaming service that would support lossless audio. That wait could end this year, Bloomberg reports, as the company works to finalize details, including streaming rights. Spotify could charge as much as $5 or $6 extra per month for…
Source: The Verge Spotify and Warner Music Group have inked a new multi-year deal covering publishing and recorded music that aims to “shape the future of audio-visual streaming.” In its announcement, Spotify says the agreement will expand the streaming platform’s catalog of audio and visual content and provide “new paid subscription tiers.” Spotify and Warner…
Source: The Verge Spotify raked in enough cash and new subscribers in 2024 to celebrate its first full year of profitability since the service was launched in 2008. The announcement comes as part of Spotify’s fourth-quarter earnings release, with net profits at €1.14 billion (around $1.17 billion) for the whole of 2024, compared to the…
Source: The Verge Spotify wants to see 1 billion people paying for streaming music, double the more than 500 million customers who currently subscribe to Spotify and its competitors. In Spotify’s view, artists are lucky to have streaming services, “each doing its part to normalize the behavior of paying for music.” On Tuesday, the streaming…
