Spotify sony walkman4/6/2023 ![]() “We’re hugely optimistic about the growth of subscription streaming. Spotify claims over 70million paid account holders globally, and recently unveiled new functions such as an AI auto-mixing DJ feature and In-Line, which will help collect more insightful metadata on artists to improve user experience.īoth labels were longstanding investors in the subscription service, raising some questions as to the reasoning behind the sales, but concerns regarding Spotify's future have been dismissed. Sony and Warner have sold off more than $1billion of shares in Spotify following the music streaming platform’s stock market floatation in April, respectively shedding half ($750million) and 75% ($400million) of their individual investments.
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