Report: Spotify looks to pay creators to distribute video content in app
Spotify is exploring ways to compensate video creators who are willing to distribute their content within their app.
Spotify is a streaming audio platform that includes a premium subscription music service. The company was founded in 2006 and is based in Stockholm.
Spotify is exploring ways to compensate video creators who are willing to distribute their content within their app.
The partnership is considered novel for both sides; Cineverse primarily distributes its content through FAST, AVOD and SVOD platforms.
Spotify is preparing to launch a new tier of service that will offer enhanced playlist and library tools along with high-fidelity audio for around $17 per month.
Three Spotify subscribers are suing the streaming audio service over its plan to disable “Car Thing,” a companion hardware product.
Streaming audio service Spotify will increase its monthly price to $12, marking the second price adjustment in less than a year.
The job cuts amount to a 17 percent reduction in Spotify’s global workforce, which was stacked at a time when the company saw explosive growth.
Spotify gets 30 percent less now from each user than they did in 2016. They’re still asymptotic to profitability.
Spotify logged its best financial quarter in terms of user growth, but its financial loss was greater than what Wall Street analysts expected.
Spotify is considering a plan that would allow its premium audio subscribers to access full-length music videos.
Spotify is readying plans to launch a new premium tier that will offer lossless quality and expanded access to audiobooks at a higher price.