CEO Daniel Ek stated on an April earnings get in touch with that the business would “like to raise rates in 2023,” but he reported particular timing and fees would rely on the corporate’s negotiations with report labels.
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Previous 7 days, TikTok also declared an expanded licensing agreement with Warner Songs Group, since it appears to be like to grow its tunes content library. Parent business ByteDance also just lately scrapped the absolutely free tier of Resso, One more audio-streaming assistance it owns.
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North American customers expend by far the most time on Spotify daily, European buyers devote the minimum length of time on the platform.