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News on Medial
Spotify is reportedly going to get more expensive later this year
Business Insider
·
1y ago
Medial
Spotify is planning to increase prices in certain markets, including the UK, Australia, and Pakistan, by $1 to $2. They are also working on new tier offerings, including a basic plan for music and podcasts at $11 a month, with additional charges for audiobooks. Another plan in development is a higher-priced option with features like high-fidelity audio. This comes as Spotify aims to improve profitability due to high licensing costs and investments in podcasts, such as the multiyear deal with the "Joe Rogan Experience". Competitors like Apple Music and YouTube Premium have also raised prices in recent years.
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Related News
Spotify is working on a new TikTok-like remixing feature
Livemint
·
1y ago
Medial
Spotify is reportedly testing new features that will allow users to remix songs by their favorite artists, similar to TikTok. The streaming service is in discussions and working on licensing agreements for the tool, which could be restricted to users on the premium Music Pro plan. Screenshots of the Spotify app's code suggest that the features may include a "playlist tuner," different transition styles for creating mixes, and the ability to filter songs by genre, mood, and activity. This feature could help artists get paid for their songs while giving users more options for personalizing their music.
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Microsoft readies new AI model to compete with Google, OpenAI: report
Economic Times
·
1y ago
Medial
Microsoft is reportedly developing a large in-house AI language model known as MAI-1, which aims to compete with Google and OpenAI. Led by Mustafa Suleyman, the co-founder of Google DeepMind and former CEO of AI startup Inflection, the purpose of this model is yet to be determined. It is expected to be significantly larger than Microsoft's previous open source models, making it more expensive to train. Microsoft may provide a preview of MAI-1 at its Build developer conference later this month. The company has already invested in OpenAI and released smaller AI models to attract a wider user base.
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Senators urge FTC to investigate Spotify’s higher-priced bundled subscription | TechCrunch
TechCrunch
·
23d ago
Medial
Two U.S. senators have urged the FTC to investigate Spotify for allegedly converting standard premium subscriptions into higher-cost bundled ones without user consent. This move reportedly reduced royalty payments to creators, harming the music community and consumers. Spotify had informed users in advance of the price increase and offered easy cancellations. However, publishers reportedly lost $230 million in the first year due to these changes.
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Twitch to shut down South Korea operations due to high costs
Economic Times
·
1y ago
Medial
Streaming platform Twitch has announced that it will be shutting down its operations in South Korea next year. The decision is attributed to high operating costs and network fees. Twitch CEO, Dan Clancy, stated that the company has been operating at a significant loss in Korea and that there is no viable path for sustainable business in the country. The network fees in Korea are reportedly ten times more expensive than in other countries. This move follows Twitch's layoff of over 400 employees earlier this year.
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Spotify to shut off Car Thing for good, leading users to demand refunds
TechCrunch
·
1y ago
Medial
Spotify has sent notifications to customers who bought its Car Thing product, informing them that the devices will no longer work after December 9, 2024. The company had discontinued the device in July 2022 but had initially promised to support the units already sold. However, Spotify has now changed its plans and stated that all Car Thing units will cease operating later this year. Users who paid $90 for the device are expressing disappointment and demanding refunds. Spotify has clarified that it has no intention of releasing a replacement or new version of Car Thing.
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Spotify to let users play DJ, competing with remixes on TikTok
Livemint
·
1y ago
Medial
Spotify is reportedly developing tools that would allow users to edit songs, including speeding them up or slowing them down. This move is seen as a bid to cater to young users who often manipulate songs for social media. The goal is to ensure that artists and labels are compensated for altered versions of their music that are shared on platforms like TikTok and Instagram Reels. While discussions are still in the early stages and licensing agreements have yet to be finalized, Spotify aims to capture more listening time currently dominated by social platforms.
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Spotify to use Google's AI to tailor podcasts, audiobooks recommendations
Economic Times
·
1y ago
Medial
Spotify is planning to leverage Google's AI technology to enhance its recommendation system for podcasts and audiobooks. By using AI algorithms, Spotify aims to personalize content suggestions based on a user's preferences, listening history, and behavior. This collaboration will enable Spotify to deliver more tailored and relevant recommendations to its users, further enhancing the user experience.
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Spotify weighs $5.99 premium for added features, ticket access
Economic Times
·
5m ago
Medial
Spotify is considering a premium Music Pro tier costing up to $5.99 extra per month, offering features like higher-quality audio, remixing tools, and concert ticket access. This new service, potentially launching this year, would vary in price by region. Spotify is still finalizing details, possibly using AI for features, and engaging with ticket sellers. Spotify currently charges $11.99 monthly for individuals in the U.S., seeking to enhance offerings with deals with major music groups.
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Spotify to increase subscription price in France to counter new music-streaming tax
TechCrunch
·
1y ago
Medial
Spotify is planning to increase subscription fees in France in response to a new tax on music-streaming services in the country. The proposed tax would impose a levy of between 1.5% and 1.75% on Spotify and its competitors, with the funds going to support the French music sector. While all the companies are opposing the law, Spotify is the most vocal due to its market dominance in France. The company has not disclosed the exact increase but said it would make French users pay the highest subscription fees in the EU.
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Spotify to lay off 17% of staff, its third round of job cuts this year
Livemint
·
1y ago
Medial
Spotify is set to lay off around 1,500 employees, which constitutes about 17% of its workforce, in an effort to bolster profitability. CEO Daniel Ek stated that the company is still spending excessive amounts despite cost-cutting measures. Spotify, like other tech firms, experienced growth during the pandemic, but is now facing investor pressure to prioritize profitability over expansion. This is the third round of significant layoffs for Spotify this year as it looks to streamline operations and strategically invest its profits.
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