AGP Executive Report
Last update: 8 hours agoSpotify & AI Remixing: Spotify struck a licensing deal with Merlin so paying subscribers can use a new paid AI remixing/cover tool on tracks from participating indie labels, with artists credited and compensated. Spotify Subscriber Milestone: Spotify also hit a major scale marker, becoming the first audio streaming service to top 300 million paying subscribers. Spotify Earnings Watch: The company reported Q2 profit and revenue growth, but forecast Q3 profit and monthly active users below Wall Street estimates, sending shares down. Android App Complaints: Spotify acknowledged severe loading delays and freezes affecting background playback on Android. Artist Profile Mix-Ups: A new report says a Spotify distribution pipeline flaw can attach releases to the wrong artist profile, sometimes without consent. Apple Music Price Rise: Apple Music’s U.S. plans increased to $11.99 for Individual and $19.99 for Family, as streaming bills keep climbing. India Bundles: boAt partnered with Spotify Premium in India, bundling 4 months of Premium with select audio products.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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