Spotify and Universal Music Group have partnered to offer a paid AI feature allowing Premium subscribers to create AI-generated covers and remixes of songs from participating UMG artists. This new feature requires artist opt-in and shares revenue between Spotify, UMG, and the artists, marking a shift from past AI music litigation to licensed, controlled AI music use. The deal aims to monetize fan engagement without raising base subscription prices, though key details like pricing, launch date, and revenue splits remain undisclosed. This move sets industry standards for AI music licensing amid ongoing legal and regulatory debates.
Spotify Technology SA is forecasted to deliver steady second-quarter results, with Jefferies maintaining a positive long-term outlook and a $600 price target. The investment bank expects gross margins around 33.1%, revenue growth of 15% year-over-yea...
Spotify has extended its "Managed Accounts" feature, allowing parents to control their children's music listening, to its free tier in the U.S., U.K., Australia, France, Germany, and the Netherlands. Previously available only to paid subscribers, thi...
Spotify has introduced a new AI-powered chat feature for Premium users in the U.S., Ireland, and Sweden, allowing interactive conversations to select music, podcasts, or audiobooks. Available on iOS and Android for users 18+, the beta release lets us...
