This week delivered a rich bounty of great news from Spotify. Plus, we had the company’s earnings report on Wed., where Spotify added 8 million new paying customers during the second quarter, topping analyst estimates.
We are delighted to curate all the best links from across the web and deliver it to you this morning. Happy Friday, enjoy your beverage of choice and let’s get started with a whirl around the world of Spotify.
In the SPOTlight:
⭐️ Spotify hits 138 million subscribers, as total listeners near milestone
Spotify's paying subscribers climbed 27% to hit 138 million at the end of June, the music streaming service said Wednesday in its second-quarter report, as the number of people listening to the service overall -- including those who listen free with advertising -- closed in on a worldwide milestone.
⭐️ Spotify podcast consumption doubles as overall listening recovers
Spotify listening hours have returned to the same level they was at prior to the pandemic, the company announced today in its latest earnings release. It reported that the recovery was strongest in areas where the spread of the COVID-19 virus is apparently slowing. Spotify also said that overall podcast consumption has more than doubled. Spotify reported a loss of €356 million overall in the period, The Wall Street Journal reports, despite an increase in paying subscribers.
⭐️ Spotify adds a remote listening party option where everyone is a DJ
Spotify has expanded its Group Sessions feature to allow up to five people to listen to music or podcasts together, no matter how far apart they are. You’ll all need to be premium subscribers to use the feature. One of you can get the party started by creating a link from the Connect menu.
⭐️ Spotify’s New Universal Music Group Deal Drives Deeper Artist-Fan Engagement
Spotify’s features are native to the platform, which the company says positions it to foster deeper, more genuine interactions between creators and users.
🔥🔥 Even more hot news links 🔥🔥
Spotify CCO Dustee Jenkins On Mission-Driven Companies & The Virtues Of Being Press Shy
Taylor Swift’s ‘Folklore’ Smashes Spotify Records As It Heads For The Biggest Debut Of 2020
Spotify Security Hole Lets Strangers Into Your Family Account
🎵 And now … a little music 🎵
The Blasters, The Dip, The Detroit Cobras and the wonderful Joan Armatrading make up a stellar first four in the 18th edition of ‘New Adventures in Spotify.’
What follows is a sweet blend of sensational music: ABC, The Tyde, Neil Diamond, Hall and Oates, Tina Turner, Bunny Wailer, Simply Red, James Taylor, Bowie, Boz Skaggs, Lee Rocker, Tom Waits, Miles Davis and more.
Thanks for reading!! Have a lovely weekend!!