Courtney Holt, Spotify’s head of talk partnerships, editorial and global markets, will transition to an advisory role next month as the audio giant prepares to divide his responsibilities across multiple executives, a person familiar with the matter told The Hollywood Reporter. Holt is expected to stay on as advisor for a year. In the meantime, his duties will be taken over by a team primarily led by Julie McNamara, Spotify’s head of U.S. studios and video, and Max Cutler, the head of new content initiatives and the founder of Parcast Studios. The transition has been underway for a few weeks, according to the person, and Spotify is not hiring a replacement for Holt’s position. “I want to give thanks to the incredible teams at @Spotify I was [lucky] enough to lead and interact with,” Holt t...
Congressional leaders representing the Caucus on Multicultural Media are taking issue with a perceived lack of financial transparency on the part of Spotify. In a recent letter dated March 26th and signed by Democrat Representatives Tony Cardenas, Yvette D. Clarke, and Judy Chu, the caucus raised concerns that the streaming giant’s controversial Discovery Mode presents artists with a “prisoner’s dilemma,” when it comes to their ability to monetize on the platform. Discovery Mode, unveiled in November of 2020, is a relatively new feature on the Spotify platform which allows artists the option to boost the visibility of their songs on the platform in exchange for a lower promotional royalty rate. As the letter identifies, however, there is the cha...
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. If millions of songs are uploaded to streaming services yearly and no one listens, do they make a sound? Yes and no. Someone — but not many people — listens to most every track. But few tracks could be called popular by any definition. Spotify’s catalog grew from 70 million to 82 million tracks in 2021, according to the company’s last two annual reports. That works out to an average of 33,000 per day. Some of its competitors grew faster and further, according to figures in public reports and press releases. Apple Music shot up from 70 million in January 2021 to 90 million in November 2021. YouTube Music also took a big ...
Seemingly averting a threatened strike, a union at Parcast has reached a tentative agreement with Spotify and Parcast management on a first contract covering the podcast studio’s content writers, fact-checkers, producers, researchers and other workers. The Parcast Union — which is affiliated with the Writers Guild of America, East — announced the deal on Wednesday night, their final day of bargaining with the music streaming giant and the Spotify-owned podcast studio, and are not yet disclosing terms of the tentative agreement. “After months of regular meetings, late-night emails, private calls, & full unit efforts, we’re proud to announce we have a deal,” the union tweeted on Wednesday night. “We couldn’t have done it without the consistent support of our colleagues. It’s been a worth...
Members of Congress are once again taking aim at Spotify’s controversial Discovery Mode feature, which allows artists and labels to receive a lower royalty rate on select tracks in exchange for higher priority in the platform’s algorithms. In a letter obtained by Billboard, dated March 29, 2022 and addressed to Spotify founder, CEO and chairman Daniel Ek, Reps. Yvette D. Clarke (D-NY), Judy Chu (D-CA) and Tony Cardenas (D-CA) – co-chairs of the Congressional Caucus on Multicultural Media – express concerns that Discovery Mode “lacks transparency” for both artists and consumers and ask the company to publish “on a monthly basis the name of every track enrolled in the program” and the agreed-upon discounted royalty rate for each. Variety first reported on the letter. “Choosing to accept...
A federal judge says Spotify CEO Daniel Ek must sit for depositions in a copyright lawsuit over Eminem’s music, rejecting the streamer’s arguments that he’s not personally involved in “day-to-day” licensing operations or that he’s too busy to participate in the case. Spotify claimed that Ek had little information to offer about the lawsuit and that Eight Mile Style was trying to drag him into a deposition simply to “harass and annoy” him. But U.S. Magistrate Judge Jeffery S. Frensley ruled Thursday (March 31) that the executive would need to find the time. “Undoubtedly Mr. Ek has a full schedule [and] the Court credits Spotify’s assertion that he is very busy indeed,” Judge Frensley wrote. “Yet, the issue of proper licensing relationships with the artists whose work comprises the entirety ...
If you purchase an independently reviewed product or service through a link on our website, SPIN may receive an affiliate commission. It’s called Soundtrap by Spotify. It’s a way to turn your phone or mobile device into a virtual “everywhere studio.” Soundtrap allows people at all levels of experience and technical expertise to work together on music, podcasts, or anything else people listen to. Whatever you and your partners create is stored in the cloud, which means another crucial problem associated with creativity has been solved: storage. The free version of Soundtrap offers unlimited projects, plus access to more than 4,500 loops, more than 400 instruments, and more than 150,000 free sound effects sourced from freesounds.org. There are also paid tiers with even more features that are...
If you purchase an independently reviewed product or service through a link on our website, SPIN may receive an affiliate commission. It’s called Soundtrap by Spotify. It’s a way to turn your phone or mobile device into a virtual “everywhere studio.” Soundtrap allows people at all levels of experience and technical expertise to work together on music, podcasts, or anything else people listen to. Whatever you and your partners create is stored in the cloud, which means another crucial problem associated with creativity has been solved: storage. The free version of Soundtrap offers unlimited projects, plus access to more than 4,500 loops, more than 400 instruments, and more than 150,000 free sound effects sourced from freesounds.org. There are also paid tiers with even more features that are...
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 Follow – Martin Garrix & Zedd Cry (with Aluna) – Louis The Child Only You – Alesso & Sentinel Festival Hits 2022 Lose My Mind – Nicky Romero Scroll to Continue Recommended Articles Treize – Damien N-Drix, Mosimann & STV Aphrodisiac – Ferreck Dawn Electronic Avenue All About Us – Ookay Would U – Dirty Audio, Marlhy Drop – Bok Nero These tracks can be accessed on the EDM.com Top Hits Playlist,...
Users who download the Spotify app from the Google Play store will soon be able to decide whether to subscribe to the audio streaming service using Google Play or Spotify’s separate payment services, the companies said Wednesday. The updated payment feature will roll out later this year and will essentially allow Spotify to lose less in commission fees to Google, should users choose to subscribe to the streaming service via Spotify’s payment service. Last October, shortly after the high-profile antitrust case between Apple and Epic Games that ruled, in part, that Apple’s 30 percent commission fee for in-app purchases was acceptable, Google said it would be decreasing its service fees on in-app Android subscriptions to 15 percent beginning in January 2022. Specific terms of the revenue shar...
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. The music business should watch what Netflix is doing in select Latin American countries to bring in more revenue as painlessly as possible. In the next few weeks, Netflix will begin testing new two features in Chile, Costa Rica and Peru: “Add an extra member,” which allows subscribers to standard and premium plans to add up to two people they don’t live with for a few dollars a month; And “transfer profile to a new account” for people to take their profile information — namely their viewing history and recommendations — to a new account rather than create a new account from scratch. “We recognize that people have many ...