Spotify says music by UK recording artists generated £750 million in royalties on its platform last year. Almost 1,000 artists were played often enough to generate at least £100,000 in royalties each, the company added. The figures were revealed as…
Spotify to axe 1,500 workers to save costs
Swedish music-streaming giant Spotify has announced it is cutting 17% of its workforce, about 1,500 jobs, as the company seeks to clampdown on costs. Chief executive Daniel Ek said he had made the “difficult” decision with economic growth slowing “dramatically”.…
Taylor Swift to earn over $100million from Spotify alone in 2023
The “Lover” songstress, Taylor Swift is set to earn more than $100 million from Spotify alone in 2023 after receiving 26.1 billion streams since the start of the year, per Variety. According to a report on Page Six, Swift has…
Nigerian artistes make N11b on Spotify in 2022
Nigerian artistes recorded over N11 billion in revenue on Spotify in 2022. The firm, on Thursday, in a statement released to our correspondent, stated that revenues in the Nigerian music industry grew 63 per cent from 2021 to 2022 and…
Maandy emerges Spotify’s EQUAL Africa artiste for May
Spotify, a global online streaming platform has announced Kenyan Artiste, Maandy as its EQUAL Africa artiste for the month of May. Phiona Okumu, Spotify’s Head of Music in Sub-Saharan Africa disclosed this in a statement on Tuesday, in Lagos. Okumu…
Spotify launches “Beat School” to celebrate sounds of African music
Spotify, an online streaming platform has announced the launch of “Beat School”, a global video series, to celebrate sounds of African music. Phiona Okumu, Spotify’s Head of Music for Sub Saharan Africa disclosed this in a statement on Wednesday, in…
Spotify reveals top 10 Nigerian Easter gospel songs
Spotify, a global online streaming platform, has revealed the top ten Nigerian Easter favourite gospel music. Victor Okpala, Artist and Label Partnerships Manager, West Africa for Spotify, in a statement on Thursday said that data from the platform showed listenership…
Valentine’s Day: D’Banj, Banky W, emerge artistes with most playlisted love songs on Spotify
Spotify, an online streaming platform says John Legend, D’Banj, Banky W had emerged artistes with the most playlisted songs during the 2023 Valentine season. Phiona Okumu, Spotify’s Head of Music, Sub Saharan Africa, in a statement, on Tuesday said from…
Spotify to cut 6% of workforce, some 600 employees
Swedish music streaming giant Spotify said Monday it was cutting six percent of its roughly 10,000 employees, the latest cost-cutting announcement among technology companies. “In hindsight, I was too ambitious in investing ahead of our revenue growth. And for this…
