1 month 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.

0

more news

2 weeks ago

The world of electronic music has been rocked by financial scandal, as Frank Butselaar, a former tax lawyer for superstar DJs Tiësto and Afrojack, has pleaded guilty to fraud. Prosecutors allege Butselaar orchestrated a complex offshore scheme to conceal millions of dollars in taxable income.

Operating from an Amsterdam-based law firm, he reportedly advised high-profile clients, including fashion models and musicians, to place their earnings into offshore accounts under nominee owners, misleading U.S. tax authorities. Despite repeated warnings from tax professionals, he continued the scheme, which ultimately led to over $70 million in undeclared income between 2012 and 2017.

The Department of Justice accuses Butselaar of deliberately hiding financial details from his own clients while they unknowingly remained exposed to tax liability. His guilty plea marks a major development in tax evasion cases involving the entertainment industry.

As legal proceedings continue, this case serves as a cautionary tale for celebrities and artists relying on financial advisors. Transparency and compliance are crucial in an industry where global income streams can quickly attract regulatory scrutiny.

6

2 weeks ago

Before Tim Bergling became the global icon Avicii, he was just another aspiring producer trying to get his music heard. A recently resurfaced email from 2007 reveals a young Tim reaching out to a house music blogger, sharing his early productions under the name “Avicii.” His humility, passion, and eagerness to connect with the community shine through in the message.

Avicii’s First Email as a Producer Resurfaces – You Won’t Believe What He Said!

This email offers a rare glimpse into Avicii’s early journey—before the fame, the sold-out shows, and the worldwide recognition. He was just a teenager in Sweden, experimenting with sounds, looking for feedback, and trying to make a name for himself. Stories like these serve as a reminder that even the biggest stars start somewhere, and persistence, along with talent, plays a crucial role in making it big.

 

Unfortunately, many of the tracks Tim shared through SpeedyShare links have been lost to time, including the sought-after song “Chainsaw.” Fans continue to search for these early Avicii gems, hoping to recover a piece of history. His story inspires countless producers today to keep pushing, stay humble, and never stop creating.

2

2 weeks ago

Exciting news for Martin Garrix fans! It seems that The Martin Garrix Show (TMGS) is making a return, though it may not be in the same format as before. Initially thought to be over, a recent post by Eldar, a key figure in the production, hinted that “the story continues.” This suggests that the series will continue, but possibly with a new structure.

Martin Garrix Show Returns—But With a Big Change!

After Garrix signed with Universal, his social media presence has been managed more strategically. With this shift, it’s highly likely that Universal saw the potential in continuing the series, either under its original name or as standalone episodes focusing on specific events, such as Playing India’s Biggest Holi 2025 or Tomorrowland 2025.

Fans speculate that TMGS will remain as a brand, with episodes released at a more flexible pace. Unlike a traditional TV series, these episodes don’t require a strict schedule, making it possible for Garrix and his team to share behind-the-scenes content as they see fit. Whether it’s a rebranded approach or a revival of TMGS, one thing is certain—fans will once again get an inside look at the life of Martin Garrix!

0

1 month ago

Hearing damage is a silent but serious risk in the music industry. Alesso recently revealed that he woke up with severe ear ringing two months ago, prompting him to scale back his performances this year. While many assume tinnitus stems from loud music exposure, it can also be stress-induced, triggered by factors like burnout, blood pressure fluctuations, and sleep deprivation.

For musicians and fans alike, protecting your ears is crucial. Long-term exposure to high decibel levels can lead to permanent tinnitus—a condition where ringing or buzzing in the ears never stops. Many artists have spoken out about their struggles with hearing damage, urging others to use protective gear.

 

Investing in high-quality earplugs, like Loop Experience 2 with memory foam tips, is a small yet life-changing decision. They preserve sound clarity while reducing harmful noise levels. Whether you’re performing, partying, or attending festivals, wearing earplugs is a must. Hearing loss is irreversible, and prevention is key. Take this as a reminder: safeguard your ears now before it’s too late!

0
Skip to content