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Stock impact report

Why Spotify AI more than music will be the secret to keeping subscribers [CNBC]

Spotify Technology S.A. Ordinary Shares (SPOT) 
Last spotify technology s.a. ordinary shares earnings: 4/29 06:00 am Check Earnings Report
Company Research Source: CNBC
AI may be the best defense from threats including AI commodification of music and Apple, YouTube and Amazon competition for subscribers. Spotify, which has seen its stock price slump over the past year, says its interactive DJ, introduced in 2023, now has roughly 90 million subscribers and has racked up four billion hours of user time spent. “The catalogs at Amazon, Apple and YouTube are similar — nearly identical songs — to Spotify, just like Bing and Edge are nearly identical to Google,” says Michael Pachter, Wedbush Securities senior advisor. In this article The Spotify music app is seen on a phone in New York City on June 4, 2024. Michael M. Santiago | Getty Images Streaming music apps have been nudging users into the artificial intelligence era with a limited track record of success. But AI-based recommendation tools from Apple, Amazon and pure-play streaming company Spotify are moving ahead, with Spotify's latest approach to the future of personal music discovery lea Show less Read more
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