2 years ago

After Years of Losses, Spotify Just Made a Shocking Profit!

Spotify has finally turned a corner, reporting its first full year of profitability in 2024, sending its stock price surging 10%. The music streaming giant closed the fiscal year with €1.14 billion in net income, a historic achievement that signals strong growth in both revenue and user engagement.

 

The fourth-quarter earnings exceeded expectations in revenue (€4.24 billion) and monthly active users (MAUs), reaching 675 million. This marks a 35 million net growth in MAUs, setting a record for Q4. Additionally, Spotify Wrapped played a crucial role in driving engagement.

How Spotify CEO Became Richer Than Any Music Legend

Spotify’s strategic partnership with Universal Music Group, including new paid tiers and bundled music and non-music content, is set to fuel further growth. The company also paid a record $10 billion in royalties to the music industry.

 

With first-quarter projections estimating 678 million MAUs and €4.2 billion revenue, Spotify’s momentum is expected to continue into 2025.

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Techno Takes Over History: You Won't Believe Where ARGY Just Performed.

2 weeks ago

Electronic music collided with profound history on October 2 when Greek producer ARGY staged his audiovisual concept, NEWORLD, at the iconic Independence Palace in Ho Chi Minh City.

Serving as NEWORLD’s sole Southeast Asian tour stop, the landmark event—organized by Dance with ELAN—featured Drumcode founder Adam Beyer and DJ-vocalist Alex Mills.

Techno Takes Over History: You Won't Believe Where ARGY Just Performed.

Also known as Reunification Palace, the historic site is famously intertwined with the end of the Vietnam War in 1975.

Transforming the landmark into a dynamic canvas, the production utilized custom 3D projection mapping across the palace facade, integrating modern visuals with historical architecture.

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Beatport Secures Massive New Funding: What Does It Mean for Your Tracks?

2 weeks ago

Beatport has locked in fresh financing led by private investment firm Square Nine Capital to accelerate its next growth phase.

Announced on September 30, the strategic deal refinances an existing credit facility while injecting new capital to expand its suite of products, streaming services, and artist tools.

The funding arrives shortly after Matt Gralen took over as CEO from Robb McDaniels, who oversaw a massive run where annual revenues quadrupled and users crossed the one-million mark. Moving far beyond digital downloads, Beatport is fortifying its ecosystem across production, streaming, and artist services for dance music creators worldwide.

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Six-Time Champion! David Guetta Just Shattered the Ultimate DJ Mag Record.

2 weeks ago

David Guetta has made history by securing the No. 1 spot in the DJ Mag Top 100 DJs poll for an unprecedented sixth time, officially becoming the most decorated DJ in the poll’s history.

Announced live from [UNVRS] in Ibiza, the win caps a monumental run featuring 240,000 tickets sold across three sold-out Stade de France shows, over five billion streams, and a record 22 US Dance Airplay No. 1s.

The night also celebrated genre leaders, including Charlotte de Witte (No. 1 Techno), Armin van Buuren (No. 1 Trance), and Anyma surging to No. 3, while raising £120,000 for the Bridges for Music Academy.

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Why Industrial Techno Icon Boys Noize Is the Perfect Match for Halsey’s Dark Vision.

4 weeks ago

Techno luminary Boys Noize (Alex Ridha) is stepping behind the screen once again to score Replacer, an upcoming psychosexual horror film starring pop superstar Halsey.

Marking Halsey’s first leading cinematic role, the movie follows a stranded, troubled DJ named Proxy who gets sucked into the orbit of an alluring circle running an underground Montreal radio station.

When a sinister, mysterious signal from beneath the subway corrupts their transmissions, it unleashes a harrowing transformation.

With Avan Jogia directing, Lilly Wachowski executive producing, and Ridha’s abrasive industrial techno pedigree behind the sound design, Replacer promises a gritty, club-fueled descent into psychological dread.

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