Spotify Surprises Markets with Strong Subscriber Growth Despite Advertising Hurdles

In a recent announcement, Spotify has reported significant growth in its subscriber base, exceeding analyst expectations for its profit margins. This news comes at a crucial time, as the company faces challenges in its advertising revenue strategy. Spotify revealed that it has attracted a greater number of premium subscribers than anticipated, which has substantially bolstered its profitability metrics.

Continue reading

TikTok to Shut Down Its Music Streaming Business in November

TikTok, one of the fastest-growing social media platforms around the world with short-form video content, now plans to exit from the music streaming business by this November. It will thereby retreat partially from the highly competitive landscape of digital music streaming.

Continue reading