Spotify has millions of active users who don't pay a cent for the service -- they just opt to hear advertising on the streaming music service instead of paying a monthly fee.
The one catch is that free listening is only available on computers. However, this could soon change.
Spotify is reportedly in the midst of planning free, ad-supported, mobile music streaming, according to The Wall Street Journal. This means users will be able to listen to music on the go via their smartphones and tablets.
According to the Journal, the purported free mobile service will let users play … Read more
Spotify has launched a new Web site in an effort to make its business model more transparent to artists and other music professionals. Along the way, the company also announced interesting details on just how much cash it doles out.According to Spotify, its new site is designed to provide additional insight into its operation through the use of data and business analysis. As part of that, Spotify said on Monday that it has issued $1 billion in royalties since its inception in 2009. At this time last year, its total royalty payout was at $500 million, meaning during 2013 … Read more
Spotify nailed down an investment of $250 million -- close to half its revenue all last year -- that values the streaming music service at more than $4 billion, according to a report Thursday by The Wall Street Journal.
Talks between Spotify and Technology Crossover Ventures, the firm that led the round of funding, over a potential $200 million investment were reported earlier this month by Sky News.
A Spotify spokesman declined to comment.
Spotify is growing rapidly and spreading quickly across the world from its home base in Sweden -- and burning through cash to do it. Spotify's … Read more
Leaked from today's 404 episode:
- Blockbuster laughed at Netflix partnership offer.
- Man attempts to sell an entire London record shop on eBay.
- After much silence, Google fesses up to its connection to those barges in SF.
Spotify is widening its social and mobile net to include the messaging world, and it's picked a free messaging app called Tango to do so.
Spotify said it is partnering with Tango because the company has technology nimble enough to quickly integrate shareable clips of songs from Spotify's catalog.
It also doesn't hurt that Tango, which has 160 million registered users and 60 million active monthly ones, has its biggest presence in the US, where Spotify has yet to achieve the kind of reach it enjoys elsewhere in the world, including in Europe. By contrast, close to … Read more
AMSTERDAM -- Spotify is one of the most prominent "over the top" services that tax the mobile data networks of wireless carriers, but the music-streaming service should be seen as an ally, not an enemy, in the view of the company's telco partnership leader.
Michael Abbatista argued here that a Spotify partnership actually helps carriers by reducing subscriber churn -- the tendency for customers to hop from one carrier to another. And particularly with younger customers, it can make the carrier look better.
"We bring a certain brand uplift," Abbatista said at the Broadband World … Read more
Pin it. Like it. Now, alongside those buttons, you could click one to Spotify "Follow" it.
On Tuesday, Spotify said it has created a button that anyone can embed alongside other social media links on any Web site that will let users of the streaming media service follow artists, magazines, blogs, admired individuals, whomever. It moves the social-networking element of Spotify out of its walled garden; before, users who wanted to follow somebody had to do so inside Spotify's applications themselves.
The expansion efforts of online music outfits of all stripes -- radio and on demand -- … Read more
Spotify has expanded to four more countries as competition starts to heat up.
The company on Tuesday announced that its streaming-music service is now available in Turkey, Greece, Taiwan, and Argentina. The move comes as Spotify continues to expand globally and increase its leverage in the music-streaming business. Spotify's service is now available in 32 markets around the world.
Spotify's expansion comes amid growing competition in the streaming-music space. Last week, Apple launched its streaming alternative iTunes Radio. Although the free service is quite different from Spotify's subscriber model, both companies -- along with Pandora and countless … Read more