Spotify's CFO highlighted the success of AI DJ and the company's belief in the podcasting business, emphasizing an "evolution" in their approach to it, including growing advertising and restructuring deals.
Spotify is testing a controversial change that locks in-app lyrics behind a paywall, angering users who feel the company is taking away once-free features.
Spotify plans to offer subscribers a free audiobook trial to gauge interest in the market and compete with Amazon's Audible, with access to up to 20 hours of listening time per month without extra fees.
The boss of Spotify, Daniel Ek, stated that while there are valid uses of artificial intelligence (AI) in making music, AI should not be used to impersonate human artists without their consent, but there are debates and challenges surrounding the use of AI in the music industry. Spotify does not allow its content to be used to train machine learning or AI models, and there are increasing concerns among artists about the threat of AI to their profession.
Spotify reverses its decision on banning AI-generated music and announces plans to pilot a feature using AI to translate podcasts into different languages while retaining the speaker's voice.
Spotify is reportedly developing AI-powered playlists that users can create using prompts, as hinted by code references discovered in the app, potentially expanding personalization and music recommendation features.
Spotify CEO Daniel Ek is calling for the adoption of a bill in the UK that would regulate competition in digital markets, aiming to reduce the dominance of tech giants like Apple and Google.
Streaming service Spotify is planning to expand its presence in the audiobook market by offering 15 hours of free audiobooks per month to its premium-paying subscribers, with the option to purchase additional listening hours, in order to compete with Amazon's Audible dominance; the company has partnered with major publishing houses and independent writers, and plans to pay publishers based on users' listening time.
Spotify is now offering over 150,000 audiobooks as part of its Premium subscription, allowing users in the U.K. and Australia to enjoy personalized music, podcasts, and audiobooks all on one platform, with the U.S. set to follow later this year.
Spotify's upcoming "Superpremium" service is expected to offer features such as AI playlist generation, advanced mixing tools, more hours of audiobook listening, and a personalized offering called "Your Sound Capsule."
Spotify is testing an AI-powered voice translation tool for podcasts in an effort to expand its reach in non-English-speaking markets and potentially increase its advertising revenue. However, investors are advised to be cautious about buying Spotify stocks until the company demonstrates improved profitability from its podcasting initiatives.
Spotify is set to launch a new 'Supremium' tier that offers lossless audio, new statistics, an audiobook feature, and AI playlist generation tools for a price of $19.99 per month.
Spotify has launched a new hub for artist merchandise, aiming to integrate merch purchasing into the app and provide artists a high-margin revenue stream.
Spotify CEO Daniel Ek is optimistic about the company's audiobook rollout and sees generative AI as a way to make audio advertising more accessible and cost-effective for marketers.
Spotify shifts its focus from original content to AI-driven tools in order to increase efficiency and scale in its podcasting business and drive profitability, as seen in its recent investor call.
