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Canada Passes Legislation to Compel Foreign Streamers, Social Platforms to Finance Local Content

Canada’s House of Commons has passed Bill C-11 with an eye to raising around $800 million annually from U.S. streamers and social media platforms as they become obligated to subsidize local Canadian film, TV and music product. The legislation behind the streaming video and audio tax now awaits passage through the Senate upper house in […]

Julianne Moore, Oscar Isaac to Star in English Adaptation of Spotify’s ‘Caso 63’

Julianne Moore and Oscar Isaac will voice star in the English adaptation of the Spotify original podcast Caso 63. Renamed Case 63, the adaptation features Moore as the psychiatrist Eliza Knight and Isaac as her patient, registered as Case 63, who claims to be a time traveler. In the original version of Caso 63, each episode of […]

‘Batman Unburied’: Winston Duke, Hasan Minhaj to Lead Spotify Cannes Lions Panel

Spotify is bringing Winston Duke and Hasan Minhaj to Cannes next week for a panel conversation about Spotify and Warner Bros./DC’s podcast Batman Unburied. During the event, which takes place June 22 at the audio giant’s Spotify Beach headquarters on the Croisette, Duke and Minhaj will be joined by Peter Girardi, Warner Bros. Animation’s evp alternative […]

Spotify to Reduce Hiring Growth by 25 Percent, CEO Daniel Ek Says

Spotify will “reduce hiring growth by 25 percent” over the next few quarters, according to an email sent by CEO Daniel Ek to employees on Wednesday. Though Ek said the company will continue to hire new staff, he cautioned that Spotify will “slow that pace and be a bit more prudent with the absolute level […]

Why Wall Street Has Been Hesitant About Spotify

Since Spotify went public in 2018, the music streamer has grown its subscribers, active users and revenue. But questions about its profitability outlook often have been seen as keeping a lid on its stock. CEO Daniel Ek acknowledged as much June 8 during its first investor day in years. Some might think that “we’re a bad […]

After Joe Rogan Backlash, Spotify Unveils Advisory Council to Guide Content Policies

More than four months after Spotify faced backlash for allowing COVID-19 misinformation to spread on its exclusive podcast with Joe Rogan, the audio giant is forming an outside council to help guide the company on its content and safety policies. The Spotify Safety Advisory Council is tasked with helping the company “evolve its policies and […]

Spotify to Acquire AI Voice Startup Sonantic

Spotify said on Monday it will acquire Sonantic, a tech company that specializes in creating hyperrealistic artificial voices. In a blog post announcing the acquisition, Spotify said Sonantic’s technology could allow the audio company to better communicate with users when they aren’t looking at their screens and help reduce other barriers to entry for new […]

Spotify Counters “Bad Business” Criticism With Podcast Profitability Forecasts

Business is not as bad as you think, Spotify executives emphasized Wednesday in the company’s first investor presentation since 2018. While Wall Street had recently soured on the streaming platform, due to its high level of investment, company executives said they expect to grow revenue by moving into the audiobook business, and potentially moving into […]

Spotify Reveals Podcast Revenue Figures for 2021

Spotify brought in “close to” €200 million, or roughly $215 million, in podcast revenue last year, according to Dawn Ostroff, the company’s chief content and advertising business officer. Speaking at Spotify’s investor day presentation in New York on Wednesday, Ostroff noted that the company — which has spent $1 billion for its podcast expansion — […]

Spotify Revamps Podcast Leadership, Promotes Bill Simmons and Max Cutler

Spotify is revamping its internal podcast structure with the creation of new divisions led by Bill Simmons and Max Cutler, the company said on Thursday. Simmons will become Spotify’s head of global sports content and is tasked with growing and leading the audio giant’s sports content and strategy outside of the U.S. Simmons will continue to […]

Spotify Adds 2M Paying Subscribers in First Quarter Despite Hit From Russia Exit

Music streaming giant Spotify ended the first quarter of 2022 with 182 million paid subscribers, up from 180 million as of the end of 2021 but below its original 183 million subscriber forecast that was made before the company’s exit from Russia that led to the loss of around 1.5 million subscribers. The company also […]

Joe Rogan Claims Massive Subscriber Boost Due to Recent Controversies

Joe Rogan says his recent controversy has given his Spotify podcast even more horsepower. The podcaster claims the media frenzy over anti-vax conspiracy theorist guests and his past use of the N-word has netted him 2 million additional subscribers. In Friday’s episode of The Joe Rogan Experience, the comic and UFC commentator was asked by […]