Spotify removes AI-generated songs from platform [FOX Business Network]
Spotify Technology S.A. Ordinary Shares (SPOT)
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am
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Source: FOX Business Network
Spotify says it has removed AI-generated music made by Boomy from its platform and ensured that any streams for this content have been excluded from royalty calculations. It's part of its ongoing effort to protect artists. "Artificial streaming is a longstanding, industry-wide issue that Spotify is working to stamp out across our service," a Spotify spokesperson told FOX Business. JOHN LEGEND CALLS FOR REGULATION ON AI-GENERATED MUSIC When the company identifies or is alerted to potential cases of stream manipulation, it works to "mitigate their impact by taking action that may include the removal of streaming numbers and the withholding of royalties," the spokesperson continued. Ticker Security Last Change Change % SPOT SPOTIFY TECHNOLOGY SA Powered By As a result, they are able to " protect royalty payouts for honest, hardworking artists," the spokesperson added. This comes after Universal Music Group emailed streaming services in March that it was aware
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News
- Spotify CEO says layoffs brought 'more' disruption than expected but were 'right strategic decision' [FOX Business Network]FOX Business Network
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Guggenheim from $290.00 to $350.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at HSBC Holdings plc from $310.00 to $355.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Bank of America Co. from $315.00 to $370.00. They now have a "buy" rating on the stock.MarketBeat
- Spotify Technology S.A. (NYSE: SPOT) had its price target raised by analysts at Barclays PLC from $335.00 to $350.00. They now have an "overweight" rating on the stock.MarketBeat
SPOT
Earnings
- 4/23/24 - Beat
SPOT
Sec Filings
- 4/25/24 - Form 144
- 4/25/24 - Form 144
- 4/24/24 - Form 144
- SPOT's page on the SEC website