Spotify announced a partnership with Universal Music Group to offer a new AI tool that lets Premium subscribers create covers and remixes of songs using generative AI. This paid add-on will share revenue with participating artists, ensuring they are fairly compensated. The move comes as Spotify aims to lead in AI music innovation with proper licensing, contrasting with other AI music services facing legal issues. The tool's launch date and pricing are yet to be announced, and this partnership may pave the way for more label collaborations.
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...
