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.

Prince Harry and Meghan's deal with Spotify to end

The multi-million-dollar deal that a media group run by Britain's Prince Harry and his wife Meghan Markle has had with streaming giant Spotify is ending by mutual agreement, the two parties said on June 15.

The couple have produced just one series under their Archewell Audio podcast imprint since inking the agreement in 2020 for a reported $20 million.

Apple to launch app dedicated to classical music

Apple on March 9 said it will start streaming classical music from a stand-alone app on March 28 as it seeks to distinguish itself from rivals Spotify and specialist platforms.

The iPhone giant said Apple Music Classical will offer "the world's largest classical music catalog," with exclusive albums and an advanced search functionality not seen on other apps.

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