It’s been one year since we launched Audiobooks for Spotify Premium users and it’s been really cool to watch the excitement from both listeners and authors grow. A few things to share:
💰 We’ve already paid hundreds of millions to publishers, and are excited about the all the new opportunities now available to authors.
📚 Our catalog has doubled to 300,000 titles. We know that our listeners are loving bestsellers, but they are also very excited to be discovering backlist titles too.
👂 Over 58% of audiobook listeners are 18-34 years old.
🌍 We’ve just expanded into non-English markets for the first time, including France, Belgium, the Netherlands, and Luxembourg. (This is brand new, so check it out if you live in one of these markets!)
There’s still more to come as we’re continuously testing new features and ideas. Can’t wait to share more with you soon.
Amazing to see so many people discovering French music on Spotify after some incredible musical performances at the Olympics Opening Ceremony. Sharing some cool data with you…
The Amapiano genre has seen a crazy explosion over the last decade coming out of South Africa. In 2023 alone, the genre had 1.4 billion streams on Spotify - with 55% of that being played in markets outside of Africa. Very cool to see it taking the global stage! Check out more here - https://t.co/yPRW2xa1bZ
Loud&Clear is back louder.
The big picture?
"Streaming has continued to create more room for more artists to find success, demonstrating real change across the business."
Highlights below ⤵️
Check out the full report
https://t.co/fuDfCNx9dR
Spotify pays the majority of every dollar we generate from music back to your selected rights holders (record labels, publishers, PROs, collecting societies) and distributors 🎶
In 2023, that added up to more than $9 billion.
Today, we updated our annual Loud & Clear report, which shares the breakdown of where all that money comes from and where it’s going. For four consecutive years now, we’re still the only music streaming service to share how much money we’re paying to rights holders and exactly how many artists are generating different levels of revenue — from $1,000 through $10 million.
Read the thread below for the 2023 takeaways you need to know, then visit the link to explore the full report: https://t.co/ILXm4zZhvr
Tax and consequences.
Why we're unfortunately announcing that we'll soon have to raise our prices in France only, over the new tax on music streaming services.
Not "just" half the revenues generated on Spotify in 2023, but "the highest amount indies have ever generated from a single retailer in one year" ⭐️
#spotify#spotifyloudandclear
I had the pleasure of finally being back in Norway speaking at the annual @NHO_no conference today, where I shared the journey behind Spotify, the importance of always keeping an entrepreneurial mindset and the huge opportunities I see to build in Europe.
Thank you Oslo! 🙏🏻
Great to see my Duolingo Spanish lessons paying off! 😂 Only kidding – it’s is the magic of the new AI voice translation feature we’re piloting for podcasters on Spotify! This was me recently with @StevenBartlett. https://t.co/DgEPgifx2r
Spanish speakers - would love to hear your thoughts.
To all the songwriters who make these amazing beats, lyrics, and melodies that we all enjoy - we’ve updated our songwriting hub on Spotify For Artists. We have added lots of tools and resources. Hope this is helpful ... Let me know what you think!
https://t.co/ny4UiLlIJ1