Spotify is planning to launch its 'Supremium' HiFi plan, offering 24-bit lossless audio, AI-enabled playlist creation, 30 hours of audiobooks per month, and DJ-like features, with a pricing of $19.99 per month.
Spotify has introduced a new collaborative feature called "Jam," allowing up to 32 people to control a music playlist in real-time from their own devices, with Premium subscribers being able to start the "Jam" and even free users able to contribute to the queue.
Spotify's expansion into the audiobook market has raised concerns about the potential devaluation of writers' work, as the company proposes a pay-as-you-listen model that mirrors Apple's transformation of the music industry.
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 rumored to launch a new $20-a-month tier called "Supremium," offering high-quality music, playlist mixing tools, access to audio books, and personalized features such as a "sound capsule" and 24-bit lossless audio.
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 launches Marquee, a new platform campaign that helps emerging artists reach new listeners by offering full-screen sponsored recommendations of their latest singles to Spotify Free and Premium users based on listening history, with budgets starting at $100.
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 has launched a dedicated in-app Merch Hub that provides personalized merch recommendations based on users' listening habits, allowing them to access all artist merch in one place and purchase items through the artist's Spotify store via a partnership with Shopify.
Spotify's number of paid subscribers increased by three percent to 226 million, with monthly active users reaching 574 million, as the streaming service implemented price hikes in various markets, according to its recent earnings report.
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.
