Daniel Ek

Spotify announced on Monday that it’s raising the cost of the premium subscription in the U.S. for the first time in 12 years. It said the increased prices are in response to an evolving “market landscape,” and to give Spotify cash so it “can keep innovating,” the company said in a news release.Premium subscribers will see their subscription increase by $1 with a single plan costing $10.99, a duo plan costing $14.99, a family plan costing $16.99, and the student plan costing $5.99. Spotify’s premium streaming option…

Paul McCartney is speaking out about the widely discussed “final” Beatles song that will be released later this year. The song was reimagined using artificial intelligence, McCartney clarified in a recent interview but says it was not created by AI.Could Critical Role Go Independent in the Future?The song is speculated to be the late John Lennon’s 1978 composition titled “Now and Then,” The Guardian reported, although the song’s title has not yet been officially confirmed. Speculation surrounding the posthumous release of…

Image: nikkimeel (Shutterstock)If you’ve got a spotty internet connection, Spotify’s got you covered. The music streaming service is apparently testing a playlist called “Your Offline Mix” that will serve you up your favorite recently played tunes when your connection is rough.Video Chat - From Sci-Fi to Sci-FactSpotify CEO Daniel Ek shared a screenshot to Twitter of the potential Your Offline Mix interface. The description for the playlist in the screenshot reads “A mix of your recently played songs for when the vibe is…

Rapid technological advances such as the ChatGPT generative artificial intelligence (AI) app are complicating efforts by European Union lawmakers to agree on landmark AI laws, sources with direct knowledge of the matter have told Reuters. The European Commission proposed the draft rules nearly two years ago in a bid to protect citizens from the dangers of the emerging technology, which has experienced a boom in investment and consumer popularity in recent months. The draft needs to be thrashed out between EU countries and…

Image: Sergi Alexander (Getty Images)Spotify is introducing a new interface comparable to a TikTok or Instagram feed, the company announced at its Stream On event on Wednesday. The change will affect how Spotify’s music is recommended to users by showing music video clips and other visual aspects instead of its standard list of albums.Spotify’s CEO and founder, Daniel Ek, told CBS that the updates include an “entirely new” home feed, adding that it’s “completely redesigned from the ground up.” He continued, “You’ll see…

Image: Joe Scarnici (Getty Images)Spotify users reported outages on the streaming service beginning at about 1 p.m. ET on Thursday, saying the primary issues are app-related. Users are complaining that the app won’t load or allow them to stream content including music, audiobooks, and podcasts.Complaints on DownDetector said the desktop version of Spotify was giving them a firewall error message while they received a gateway error message on the mobile app.The company responded to the complaints, saying in short a Twitter…

Image Source : PIXABAY Layoff at Spotify Spotify, a music streaming giant has announced to slash 6 per cent of its workforce which means, the company is set to remove around 600 staffers, across the world. ALSO READ: Galaxy Unpacked Event: New teaser video surfaced highlighting space zoom, night mode capabilities and more Daniel Ek, CEO of the Swedish company has…

Image: Jason Davis (Getty Images)Spotify informed its employees on Monday that it will be cutting jobs this week, making it the latest in a wave of mass layoffs following hiring surges during the height of the covid-19 pandemic. CEO and Spotify co-founder, Daniel Ek, announced the change in a memo to staff, saying the company was forced to cut costs due to necessary “organizational changes,” adding the decision is “in an effort to drive more efficiency, control costs, and speed up decision-making.”The company said in an…

Spotify Technology SA is laying off 6% of its employees as part of broader cost-cutting measures after the streaming company went on a spending spree during the pandemic.The company’s move is the latest in a wave of technology layoffs, as the industry recalibrates after growing rapidly over the past few years and ahead of a potential recession. “Over the last few months we’ve made a considerable effort to rein-in costs, but it simply hasn’t been enough,” Spotify Chief Executive Daniel Ek…

Onur Dogman | LightRocket | Getty ImagesIn this weekly series, CNBC takes a look at companies that made the inaugural Disruptor 50 list, 10 years later.Spotify, once a Swedish startup tasked with tackling music piracy issues, is now the most popular audio streaming subscription service in the world.First launched in 2008, the platform began as a way to allow listeners to stream their favorite songs while still compensating artists for their work – a major issue caused by file-sharing services at the time, like Napster and…