Criticism of Spotify

Spotify announces record-breaking payout to artists in annual report

Spotify paid out $9 billion in streaming royalties to artists last year, the streaming giant said yesterday in its latest "Loud and Clear" report.

Spotify's fourth annual report, which originally launched in 2021 following criticism over its lack of transparency, noted record accomplishments, including the highest annual payment from any retailer to the music industry.

Spotify subscriber growth hampered by Russia exit

Music streaming giant Spotify on April 27 reported a lower than expected growth in paying subscribers in the first quarter, citing its exit from Russia.

Following the company's publication of its first quarter earnings, shares in the streaming service were down over 11 percent on the New York stock-exchange, where the company is listed.

Spotify says isolation ups interest in ‘chill’ music

People spending more time cooped up in their homes to curb the spread of the new coronavirus have changed their daily soundtracks, with many opting for more "chill" music, streaming service Spotify said March 30.

But they also noted a surge in the streaming of the old hit by The Police: "Don't Stand So Close To Me."