Stories tagged “Music Streaming.”
4 stories
Spotify’s Lorentzon says he’d leave Sweden if wealth tax imposed
Spotify co-founder Martin Lorentzon warns of potential exodus if Sweden introduces wealth taxes, citing uncertainty and negative impacts on entrepreneurship and innovation.
Spotify has reached 300 million subscribers for the first time, with 777 million monthly active users in the second quarter. The company saw its subscriber base swell by 9% despite raising subscription prices in several regions this year.
Spotify has started rolling out a new AI-powered feature that lets users chat directly with the music streaming service through a built-in chatbot. The feature is available on mobile devices and can be accessed from both the Home screen and the Now Playing view.
Spotify is adding AI remix tools for premium users, backed by a Universal Music Group deal that helped lift its shares 16%.