3 months 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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Deadmau5 Faces Backlash Over Crowd Cash Stunt

5 days ago

Deadmau5 tossing money into the crowd might look like generosity, but many are calling it performative flexing. At first glance, it paints a picture of an artist “giving back.” But when you factor in the multi-million-dollar net worth, his privileged background, and accusations of ghost production and PPP fund misuse, the act seems less like charity and more like a PR stunt.

The scene was Encore Beach Club in Vegas — a spot many assume caters to elites, but one that often lets in guests for free with a simple guest list text. While some attendees were thrilled at the opportunity to grab flying cash, others couldn’t help but question the optics: is this what we’ve come to celebrate in dance music?

With economic hardship hitting fans hard — many can barely afford rent, let alone a $100 show — seeing an artist literally throw money can feel tone-deaf. Especially when those same fans scrape together cash to attend. Whether it’s flex, fun, or fan appreciation, it sparked a bigger conversation: who’s the spectacle really for?

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Why Today’s DJs Are Just Influencers with Decks

5 days ago

The electronic music scene is undergoing a reckoning, and voices like Knights of the Turntable aren’t pulling punches. Their brutally honest post exposes how the essence of DJ culture has been overshadowed by Instagram aesthetics and algorithm-chasing. What was once about crate-digging, crowd-reading, and gritty, raw energy has devolved into a fashion show under flashing lights — filtered faces, influencer hype, and curated sets over sweaty, unpolished authenticity.

Raves, once sacred spaces for the misfits and music-first souls, now feel like VIP lounges flooded with iPhones. The underground ethos — spontaneity, inclusivity, tension-building — is being replaced by pre-recorded performances and bookings based on TikTok trends. And those who still do it for the music? They’re often sidelined, deemed too “niche” for the metrics-driven machinery.

This isn’t just nostalgia. It’s a wake-up call. If you’re defending the system or blind to its shifts, maybe you were never in it for the culture in the first place. The scene must return to its roots — not to gatekeep, but to restore soul and substance.

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Flume Just Unfollowed Skrillex and Half the Industry — Here’s Why

5 days ago

In a move that’s set Instagram and music forums buzzing, Flume has unfollowed nearly half of the accounts he once followed — including major names like Skrillex, Toro Y Moi, Four Tet, and even previous collaborators. While at first glance this mass unfollow spree seems random, fans are speculating it’s part of a calculated move hinting at a new era — possibly even a new album.

Archiving posts and trimming down followers is a tactic many artists use to spark curiosity and signal transformation. It echoes moves made by artists before major announcements, and Flume’s own history — like going blonde before his last album cycle — adds fuel to the theory. Some fans also noted the possible removal of his Instagram highlights, suggesting a full brand refresh is underway.

Others argue it could simply be a digital declutter, as Flume was following thousands. Still, it’s hard to ignore the timing. Fans are hopeful for new collaborations too — with dream matchups like G Jones, Tipper, or Resonant Language leading the wishlist.

Whether it’s intentional hype-building or just social media housekeeping, one thing’s clear: the world is watching closely. And if this signals a new Flume chapter, we’re ready.

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How One Man Lost Everything — and Still Found a New Purpose

5 days ago

In a powerful and vulnerable Instagram story, Gabe Fraboni, founder of PHNTM Labs, opened up about a devastating chapter in his life. In 2024, his 10-year career collapsed, taking a toll emotionally, financially, and professionally. While he didn’t name names, many in the industry speculate the situation involves a high-profile unpaid collaboration with Kanye West — a massive production effort that allegedly resulted in no compensation despite the enormous resources poured into it.

How One Man Lost Everything — and Still Found a New Purpose

Fraboni, known for being the creative force behind Martin Garrix’s iconic live shows including the legendary RAI performances, had helped build PHNTM Labs into a leading show production company. Losing everything wasn’t just about money; it was a shattering of years of trust and artistic vision. Yet, out of this rubble, Gabe is launching a new project — @stayserene, alongside collaborators @noblegent and @bekimtrenova — a symbol of healing and rebirth.

The incident is a painful reminder of how even in tight-knit industries, high-profile names can still leave destruction in their wake. It’s also a testament to resilience — sometimes, it takes losing everything to realize what truly matters.

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