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SPOTIFY

Swedish teen bags summer’s hottest song

What was your summer anthem? Swedish teenager Zara Larsson's track 'Lush Life' was the most played on Spotify across Sweden, the streaming site has revealed.

Swedish teen bags summer's hottest song
Swedish teenager Zara Larsson performing at Bråvalla festival this summer. Photo: Pontus Lundahl/TT
Former talent contest star Zara Larsson, 17, set the charts on fire with her latest track, which went straight to number one in her home country in June and went on to clock up more than 1.5 million hits on YouTube.
 
The Stockholm-born singer's hit was also the most-streamed song by Swedish subscribers of Spotify between June 1st and August 31st, the music company revealed on Thursday.
 
 
If Larsson's name doesn't sound familiar, 'Lush Life' almost certainly will if you've spent any time listening to Swedish radio or in bars and clubs over the past few months, thanks to its catchy lyrics and distinctive whistle sample. The Local's resident music guru Paul Connolly has even suggested that the teenager could be described as a Nordic Rihanna.
 
Spotify's streaming figures put two other Swedish artists in focus, with superstar Avicii's hit 'Waiting for Love' the second-most streamed track of the summer, closely followed by the more divisive club anthem 'Shots & squats' by newcomers Vigiland.
 
The biggest non-Swedish song of the season, measured by Spotify streams was 'Lean on', which combines the work of American group Major Lazer and French producer DJ Snake and features vocals from Danish singer MØ. 
 
 
 
 
Spotify, which was launched in Stockholm in 2008, is the biggest music streaming site in the world and has more than 60 million users. But it has faced strong criticism from some singers, including Taylor Swift, who argue that it should give a larger slice of its income to artists.
 
Sweden – which has a population of under ten million – is the third largest exporter of music in the world, just behind the US and the UK.
 
The most-streamed tracks of summer 2015 in Sweden

1. Zara Larsson – Lush Life

 2. Avicii – Waiting for Love

3. Vigiland – Shots & squats

4. Axwell ^ Ingrosso – Sun is shinning

5. Major Lazer (feat. Mo and DJ Snake) – Lean on

6. Jakob Karlberg – Damn good

7. Lost Frequencies – “Are you with me”

8. Samir & Viktor – Saxofuckingfon

9. Felix Jaehn – Aint nobody (loves me better)

10. Otto Knows – Next to Me

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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