Spotify: Difference between revisions

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May 9, 2023: Spotify purges 7% of songs(equivalent to tens of thousands of songs) uploaded by AI start-up Boomy. This comes as the company ramps up policing of its website following complaints of fraud in the music industry. -Boomy said its users have created more than 14 million songs. “Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out across our service,” Spotify said<ref>https://www.ft.com/content/b6802c8f-50e7-4df8-8682-cca794881e30</ref>.
May 9, 2023: Spotify purges 7% of songs(equivalent to tens of thousands of songs) uploaded by AI start-up Boomy. This comes as the company ramps up policing of its website following complaints of fraud in the music industry. -Boomy said its users have created more than 14 million songs. “Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out across our service,” Spotify said<ref>https://www.ft.com/content/b6802c8f-50e7-4df8-8682-cca794881e30</ref>.
== Pricing ==
June 20, 2023: Spotify to introduce a more expensive subscription plan in October, according to people familiar with it. The subscription option duped “Supremium” will likely include high-fidelity(HiFi) audio feature, which was announced by the company in 2021. HiFi was delayed by Spotify after its two competitors, Apple Music and Amazon music started offering it for free in their standard plans. The new premium tier will first be offered in non-US markets. The new plan will also grant users expanded audiobooks access, either in form of a specific number of free titles or number of free hours, with the option to buy more. “Supremium” price has not been mentioned. A Spotify spokesperson declined to comment on it<ref>https://www.bloomberg.com/news/articles/2023-06-20/spotify-plans-new-premium-tier-expected-to-include-hifi-audio</ref>.


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[[Why You Should Invest In Spotify ($SPOT)]]
[[Why You Should Invest In Spotify ($SPOT)]]