CEO Robert Kyncl said the company would be “reallocating resources towards new skills for artist and songwriter development and new tech initiatives.”
A star-studded array of new releases challenge Morgan Wallen’s One Thing at a Time for next week’s No. 1 spot.
The portion of artists who failed to follow-up their first hit has been relatively constant in the last two decades — but rose in 2020.
The Rock and Roll Hall of Famers’ career-revisiting set is the week’s highest-profile new release.
In 2022, a quarter of the 57,000 artists who earned $10,000 or more in royalties from Spotify in 2022 are self-distributed.
Chairman Bang Si-hyuk says HYBE must have a “sense of urgency” in efforts to grow outside its home country.
In this week's The Contenders: Cyrus’ Endless Summer Vacation is the highest-profile new release, but a global sensation's new EP might have the best shot at dethroning Wallen’s juggernaut.
In terms of both dollar and percentage increases, last year’s growth was the lowest since 2016.
Karol’s Mañana Será Bonito is challenging for the top spot, with new sets from Gorillaz and Yeat not far behind.
There have been calls to eliminate or cap fees tacked onto concert ticket prices. But consumers probably won’t be able to avoid them.
