Feb 23, 2021

Spotify targets 80 new markets and bets on podcasting

Spotify
streaming
podcasts
Digital Transformation
William Smith
2 min
 Spotify said the new markets it is targeting represent over 1 billion people in locations across Asia, Africa, the Caribbean, Europe and South America
Spotify said the new markets it is targeting represent over 1 billion people in locations across Asia, Africa, the Caribbean, Europe and South America...

Swedish music streaming giant Spotify has announced it is to expand internationally and debut in 80 new markets worldwide.

The announcement itself represents the largest expansion in the company’s history. Spotify said the new markets it is targeting represent over 1 billion people in locations across Asia, Africa, the Caribbean, Europe and South America.

The development was just one of a slew of announcements at a flagship event the company held yesterday, called Stream On, including the upcoming launch of a new lossless streaming service called Spotify HiFi, targeted at enthusiasts.

Betting big on podcasts

Recent moves made by the company have included a pivot towards podcasts, with a sequence of acquisitions starting in 2019 seeing the firm acquire podcast networks Gimlet Media, Anchor FM and Parcast. In 2020, it signed a $100mn exclusivity deal with Joe Rogan, one of the world’s most popular (and controversial) podcasters, signalling its intent to corner the market.

In that vein, the company also used Stream On to announce it was partnering with Barack Obama and Bruce Springsteen on a podcast “Renegades: Born in the USA”. Part of the company’s interest is the advertising revenue gleaned from the much longer-form audio compared to songs.

A mixed quarter

This all comes on the back of mixed quarterly results showing an expansion in its subscriber base (up to 155 million compared to 143 million in Q3 2020) but overall losses, which it blamed in part on the ongoing COVID-19 pandemic. “In 2020, we believe the pandemic had little impact on our subscriber growth and may have actually contributed positively to pulling forward new signups. From a revenue standpoint, advertising was negatively affected in the back half of Q1 and persisted throughout the rest of the year. Looking ahead, we are optimistic about the underlying trends in the business into 2021 and beyond, however, we face increased forecasting uncertainty versus prior years due to the unknown duration of the pandemic and its ongoing effect on user, subscriber, and revenue growth.” 

(Image: Spotify)

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Jul 23, 2021

The Ultimate Enterprise Technology & AI & Cyber LIVE Event

technology
AI
cyber
live
2 min
Where innovation meets implementation, coming to you live from London

Do you want to build high-level relationships, gain insider knowledge and leave with the tools you need to drive effective digital transformation within your business? Then you don’t want to miss out on the must-attend hybrid event of 2021 for leaders in forward-thinking enterprises.

At Technology and AI Live, you will be able to hear and engage with C-Level executives at Microsoft, IBM, Salesforce, Capgemini, and more.

Order your tickets now to take advantage of our limited-time Early Bird offer. 

 

How can you attend?

In the post-Covid era, not everybody wants to travel for events. So Technology & AI will be completely hybrid. That means you can attend the event in person or virtually, with no disadvantages to people who don’t make the trip to the Tobacco Dock.

In-person

Technology and AI Live is happening in the Tobacco Dock in London, a ten-minute walk from Tower Bridge. For more information on the location, click here

Virtually

There’s no need to worry about missing out if you choose not to attend in person. You can still absorb all the information, interact with other attendees and enjoy the conference experience on our virtual platform. 

There will be live feeds from all of the stages (also available on-demand after the event) as well as virtual networking areas. So not being able to travel is no reason to miss your chance to gather with the industry.

 

New Speakers

 

Renata C. Spinks

Cyber Technology Officer at Dept of Navy USMC

Renata Spinks leads an extensive portfolio focused on information technology, policy, investments, cyber operations (defensive and offensive), as well as organisational leadership for the Marine Corps Network and Information Enterprise. She is an accomplished, collaborative thought and action leader focused on results and accomplishing the mission through modernised digital transformation and workforce development.

She takes pride in making others better and trailblazing opportunities for girls and women in STEM and is the 2020 Stars and Stripes Becoming Everything You Are (BEYA) SES of the Year. 

 

Steven Eliuk

VP AI & Governance Automation at IBM

Steven Eliuk’s teams are responsible for IBMs Global Privacy Services, think GDPR, CCPA, etc. and how the company manages the data assets, business units, and requests. Likewise, how to apply automation to aid this complex space.

Before joining IBM, Steven led the design of high-performance computing (HPC) infrastructure for AI and launched the first model parallel distributed training framework for HPC at Samsung Research America. He has presented at many events, including IBM Think, IBM CDO Summit, Nvidia GPU Developers Conference, IEEE, and more.

For tickets and information, head over to our event site.

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