Overall, the tech giant beat analyst expectations for the quarter, delivering revenue of $94.8 billion.
As part of the settlement, Spinrilla founder Jeffrey Copeland is also forbidden from operating the site or anything like it again.
Focusing on premium-only service will increase "opportunities for rightsholders," the company said in a statement
Artists can select the "AI-Friendly" button to allow fans to upload AI tracks based on their work.
Driven by a wave of young superstars, the genre’s growth in streams hasn’t just caught up with the rest of the industry — it has passed it.
A recap of the second of three days of the gathering of industry leaders.
Streaming revenue, given a boost from hits by Miley, SZA and others, boosted recorded music and publishing revenue in a record-setting year.
A recap of the first of three days of the gathering of industry leaders.
With the "right incentive structures," platforms can eliminate "unauthorized, unwanted, and infringing content entirely," says the CEO.
While acknowledging some of the risks, the CEO says AI tools for artists are "great culturally" and could "benefit Spotify" by growing engagement and revenue.
