Spotify said on Monday (June 13) 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 listeners. Terms of the deal were not disclosed. Explore Explore See latest videos, charts and news See latest videos, charts and news Based in London, Sonantic was founded in 2018 by Zeena Qureshi and John Flynn. The company caters toward entertainment industry professionals and, in 2020, raised €2.3 million (about $2.4 million) in seed funding. Sonantic has also worked with Val Kilmer, who was diagnosed with throat cancer and ...
Spotify CEO Daniel Ek and a parade of top executives had a simple message for investors in a live-streamed presentation from New York on Wednesday (June 8): Our margins will be better. Although the company has communicated its long-term vision through quarterly earnings calls, press releases and occasional Wall Street conferences, it hasn’t gathered the investment community for a meaningful conversation since going public in 2018. “I’m not sure that journey’s very well understood,” said Ek. “And, frankly, we probably haven’t done a very good job explaining it.” Despite posting 24% revenue growth in both 2021 and the first quarter of 2022, the company’s share price is down 51.7% in 2022. As CEO, Ek’s job on Wednesday was to captain the nearly four-hour presentation communicating to investor...
Spotify suspended political ad sales in 2020 because the platform found it too hard to “validate and review” the deluge of misinformation they were facing. Well, the good news is that misinformation has been totally solved, because why else would Spotify now quietly reintroduce political ads in the run-up to the 2022 midterms? Money? Oh, right, money. As Protocol reports, the Big Green Circle is now asking US candidates, political parties, and even PACs to open their wallets. “Following our pause of political ads in early 2020, we have spent the past two years strengthening and enhancing our processes, systems and tools to responsibly validate and review this content,” a spokesperson said in a statement. “We are now beginning to sell select political advertisements in opted-in th...
The Ledger is a weekly newsletter about the economics of the music business sent to Billboard Pro subscribers. An abbreviated version of the newsletter is published online. From streaming services to concert promoters and ticket sellers, music companies have reported encouraging first-quarter earnings results that show consumers continue to adopt subscription services and eagerly return to live events after COVID restrictions were lifted in late 2021. The same companies’ stock prices tell another story, however. While music companies posted double-digit gains in subscription growth, revenue, ticket sales and many other metrics, their share prices are down by double-digits in 2022. That’s not a surprise given the state of the economy: Inflation is at a 40-year high ; rising interest rates s...
The electronic music community is constantly evolving with new sounds every week, as artists become more innovative with their compositions. EDM.com’s weekly “Playlist Picks” series highlights the top releases in the genre, helping uncover the latest tracks that will soon dominate the dance music scene. EDM.com Top Hits I Can’t Tell (feat. LAUREL) – Flume The Calling – Tchami & Marten Hørger About Damn Time (Purple Disco Machine Remix) – Lizzo Festival Hits 2022 Let’s Go – Dr. Fresch Scroll to Continue Recommended Articles Love Is A State Of Mind (Feat. Ramona Renea) – Honey Dijon Vitamin Bee – Lady Bee Electronic Avenue Break – KUURO Final Lap – G Jones & Eprom Everything About You – Vincent These ...
The world’s biggest streaming service is hopping on the NFT bandwagon. Spotify is testing a feature to include NFTs on select artist profiles. Don’t open the Spotify app to try it out just yet though. Only a sample of Android users in the U.S. are a part of the feature test. “Spotify is running a test in which it will help a small group of artists promote their existing third-party NFT offerings via their artist profiles,” says the company as reported by TechCrunch. “We routinely conduct a number of tests in an effort to improve artist and fan experiences.” Requests from industry partners and deepening connections between artists and fans are also cited as reasons for the feature. NFT galleries on artist pages are a simple grid of static images. Videos, GIFs, and sounds are not featured in...
Major music streaming platform Spotify is reportedly testing the option of nonfungible tokens (NFTs) galleries on musicians’ profiles. Should the tests appear successful, the embedment of NFTs would serve to improve artist and fan experiences. Reports surfaced on Friday that Spotify is running a test for select users of the platform’s Android app in the United States. These users can see the NFT previews on the artists’ profiles. Currently, there are only two such artists, DJ and producer Steve Aoki and indie rock band The Wombats — both are known for their adoption of NFTs. There is no possibility for a direct buy, but after reading about the NFT and getting the enlarged preview, the user can tap to be redirected to the OpenSea page where he could purchase the item....
The electronic music community is constantly evolving with new sounds every week, as artists become more innovative with their compositions. EDM.com’s weekly “Playlist Picks” series highlights the top releases in the genre, helping uncover the latest tracks that will soon dominate the dance music scene. EDM.com Top Hits I Love U – The Chainsmokers What Would You Do? – Joel Corry, David Guetta & Bryson Tiller 1×1 – Galantis Festival Hits 2022 Nightmares – Chris Lake & Cloonee Scroll to Continue Recommended Articles Silent – Ship Wrek Tested – Montell2099 & Juelz Electronic Avenue Spirals – Illenium BLASTA – LSDREAM & INZO The One – NGHTMRE & KLAXX These tracks can be accessed on the EDM.com Top ...