Music Ally Today takes a key story from Music Ally’s daily music industry newsletter and gives you the analysis you need to know.
Today: Joe Sparrow and Stuart Dredge discuss how Spotify ended Q2 with 138 million subscribers and 299 million monthly active users, having added eight million and 13 million respectively that quarter. Meanwhile, Spotify generated revenues of 1.89bn in Q2, up by 13% year-on-year. It recorded an operating loss of €167m and a net loss of €356m for the quarter.
PLUS: Stu interviewed Daniel Ek - and he had some comments about the future of music-making that has made some artists very angry... (Full interview: https://musically.com/2020/07/30/spotify-ceo-talks-covid-19-artist-incomes-and-podcasting-interview/)
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