Spotify Posts

Spotify pays around $0.007 per stream to artists

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Spotify has revealed the average figures of how much artists make from their service in terms of royalties. Spotify pays an average of $0.007 per play, according to figures reported on the Spotify Artists website. Spotify has paid over $1 billion in royalties since launching in 2008. Of that $1 billion, $500 million was paid out in 2013 alone. Spotify is asking artists not to focus on the small amount per stream, but rather the accumulative earnings from a great album. Spotify keeps 30% of the money from subscriptions and ads.
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Spotify may launch free mobile access on December 11th

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Spotify may be offering mobile access to their music service for free, according to The Wall Street Journal. The free mobile tier will be launching on December 11th at a press event in New York. Users will not get unlimited on-demand access, but it will be less restricted if they listen to playlists or collections that they created. Spotify sent out press passes to the event last week saying “We’re having a media event. Like to come? There will be donuts.” Spotify’s mobile app is free to download, but only the “radio” can be accessed. After paying a monthly fee, Spotify will let you access any album, artist, or playlist you have created.

Spotify Raises $250 Million To Push For International Growth

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The Wall Street Journal is reporting that streaming music service Spotify has raised $250 million in funding.  Technology Crossover Ventures is believed to be the only investor in this round, according to TechCrunch.  Spotify will receive a valuation of $4 billion based on these terms.  Spotify will be using the funding to push for international growth.

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Spotify iPhone and iPad App Gets Concert Dates, Playlist Search, User Profile Search

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Spotify partnered with Songkick last month and now they have upcoming concert listings on artist profiles throughout the desktop app.  This function has been extended to the Spotify iPhone and iPad app.

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Spotify Connect Lets You Stream Music To Your Speakers

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Music streaming company Spotify has launched “Spotify Connect.”  Spotify Connect will let you control how and where your music can be played through the cloud.  For example, you will be able to switch back-and-forth from your phone to your speaker when you get home without stopping playback.  People that use Spotify on their iPhone and iPad will find this new service very useful.  The updated iPhone and iPad app now includes the Spotify Connect logo near the pause/back/forward controls during playback.  After clicking the button, you will see a list of available playback devices.
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Spotify Curates Great Playlists Through “Browse” Feature

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Music streaming service Spotify has launched a new feature called “Browse.”  Browse will show some of the best playlists that have been created on their service.  Spotify selected 20,000 of their favorite playlists to held you find music that you want to listen to based on your mood.
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Spotify Lost $78M Last Year Despite $578M In Revenues

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Spotify is a streaming music service that launched in Sweden in 2008 and in the U.S. two years ago.  In 2012, Spotify reported $578 million in revenues, which is an increase of 128% from 2011, according to Spotify’s filings spotted by The New York Times.  The company lost $78 million from the year, which is higher than the $60 million loss from the year before.  Spotify has a valuation of around $3 billion.

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Thom Yorke Of Radiohead Pulls Solo Albums From Spotify

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Thom Yorke of Radiohead has removed his music off of Spotify.  He said that artists do not get paid well for their work (he used more colorful language that we won’t be publishing here since for the sake of our younger readers).  Yorke his solo album “The Eraser” and his side-project “Atoms For Peace” from Spotify.  Radiohead’s catalog is still available on Spotify.

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