Spotify has also seen significant listener growth outside of Europe, North America, and Latin America. The 'Rest of World' segment accounted for 24% of total MAUs in the second quarter of 2022, 30% in the same period of 2023, and has reached 33% in this quarter.
#Spotify's Q2 2024 #FinancialReport
Spotify has released its financial results for the second quarter of 2024, highlighted by a record operating profit of €266 million. However, the company fell short of analysts' forecasts for monthly active users (MAU) growth.
The streaming giant's revenues increased by 20%, reaching €3.81 billion. The operating profit of €266 million contrasts with an operating loss of €247 million recorded the previous year.
Part Three: The Legacy - Discover house music’s lasting impact in the UK during the late eighties and early nineties, shaping culture and influencing generations.
🔊 Pump Up The Volume
#recommendation
🎥 Pump Up The Volume: A History of House Music
The documentary explores the electrifying history of house music, from its disco roots in 1970s New York to its rise as a global phenomenon.
This documentary unfolds in three dynamic parts
Part Two: The Revolution - Experience the late '80s Summer of Love in Manchester, the euphoric nights in Ibiza, and the birth of Detroit techno, which set the stage for the acid house and UK rave scenes.
Beethoven’s Skull is an unusual and often humorous survey of the many strange happenings in the history of Western classical music. Proving that good music and shocking tabloid-style stories make excellent bedfellows.
💀Beethoven's Skull
#recommendation
📚 Tim Rayborn's "Beethoven's Skull: Dark, Strange, and Fascinating Tales from the World of Classical Music and Beyond"
The book tells the story of Hollywood sound editor Mitzi Ives—she creates audio recordings of frightening screams and groans that are indistinguishable from real ones. But suddenly they sound so plausible, because they are actually real?
🔊 The Invention of Sound
#Recommendation
📚 Chuck Palahniuk – The Invention of Sound
This time we recommend a novel by the cult American author Chuck Palahniuk, focused on sound in cinema.
#TikTok is expanding its business catalog
Brands face the risk of lawsuits from major labels if they use their music in social media videos without a sync license. TikTok's solution is the Commercial Music Library (CML), a catalog of tracks pre-approved for brand use.
Yesterday, the company announced the expansion of its CML through a new agreement with #Adobe, based on an existing partnership that led to the creation of the AI-powered "Symphony Assistant". Now, CML will be available in Adobe Express, a software for creating videos for socials
The politicians also requested the Copyright Office's assistance in understanding what actions Congress could consider to prevent such abuses in the future. Although the letter is merely a request for information, it hints at potential further actions.
In their letter, the legislators argue that digital services like Spotify should not be allowed to manipulate legally established rates to reduce royalties, undermining the copyright protections of songwriters and publishers.