Spotify to roll out new options because it crosses 500 million month-to-month energetic listeners
Spotify Know-how SA SPOT-N mentioned on Wednesday it could roll out new options like sensible shuffle and previews of podcasts and music playlists on its audio streaming platform, because it crossed 500 million in month-to-month energetic listeners.
The Swedish firm, which has invested closely in increase its podcast and audiobooks enterprise lately in a bid to draw customers and advertisers, introduced the “new reimagined consumer interface” at its Stream On occasion.
Spotify additionally shared an replace to its annual music royalties report, noting that the variety of artists making over $1-million in addition to these producing over $10,000 had greater than doubled prior to now 5 years.
Earlier this yr, Spotify mentioned it could tighten spending and work to turn into environment friendly given the powerful macroeconomic backdrop and projected the variety of listeners would attain 500 million within the present quarter.
Options like autoplay for podcasts, personalised visible and audio previews of podcast episodes and audiobooks or music playlists, and new feeds for discovery might be rolled out in waves beginning Wednesday, Spotify mentioned.