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Spotify on Samsung smart TVs in Europe

South Korean electronics giant Samsung will be the first to offer the Swedish music streaming service Spotify's catalogue on its smart TVs across Europe, the company said Wednesday.

Spotify on Samsung smart TVs in Europe

Spotify said on Wednesday that it would offer customers an application they could download for Samsung’s smart TVs in 12 European countries, including Britain, Denmark, France, Germany, Spain and Sweden.

According to Samsung, Spotify will complete their existing selection of apps, being the first really big and specialized music app on the Smart Hub.

“You will no longer have to connect your tablet or your computer with the sound system. Everything will be right there on your telly,” said Jenny Fisher-Toivo, Nordic Product Manager TV på Samsung Electronics Nordic.

Spotify’s three non-European markets — the US, Australia and New Zealand — would not have access to the service.

“People no longer need to fuss about connecting cables from their laptop or tablet to Hi-Fi equipment,” said Dan Saunders, director of content services for Samsung Electronics Europe.

Founded in 2006 by Swedes Daniel Ek, then in his twenties, and Martin Lorentzon, the service first launched in 2008 in Sweden and says it has since become the world’s largest streaming service.

It claims to have a catalogue of “more than 18 million songs”, “more than

15 million active users and more than four million paying customers.”

AFP/The Local

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BUSINESS

Spotify reports strong growth in users as it announces price rise

Spotify on Tuesday reported a bigger-than-expected rise in active users at the end of the second quarter, a day after the music streaming giant announced price increases for its premium service.

Spotify reports strong growth in users as it announces price rise

The Swedish company, which is listed on the New York stock exchange, said it’s total active users rose 27 percent to 551 million year-on-year, or 21 million more than it expected. The number of paying subscribers also rose, with a 17 percent jump to 220 million — three million more than expected.

On Monday, the company announced it was raising its prices for premium subscribers “across a number of markets around the world,” following in the footsteps of similar moves by competing music services from Apple and Amazon.

Despite the boost in users, Spotify reported a bigger operating loss of 247 million euros ($273 million) in the second quarter, compared to a loss of 194 million euros for the same period a year earlier.

The company said it was “primarily impacted by charges related to our actions to streamline operations and reduce costs.”

In early June, Spotify announced it would be cutting some 200 positions working with podcasts.

That move came after a January announcement that Spotify was cutting around 600 jobs — equalling about six percent of its workforce — following similar moves by other tech industry giants.

Spotify has invested heavily since its launch to fuel growth with expansions into new markets and, in later years, exclusive content such as
podcasts. It has invested over a billion dollars into podcasts alone.

In 2017, the company had around 3,000 staff members, more than tripling the figure to around 9,800 at the end on 2022.

The company has never posted a full-year net profit and only occasionally quarterly profits despite its success in the online music market.

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