Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Tech

Spotify targets 1 billion listeners by 2030

Published

2 years ago

on

Spotify has its eyes on 1 billion listeners by 2030, as concerns grow about the brand’s profitability

Spotify investors are raising concerns about the audio market’s opporunities.

The company is seeking to expand globally, and is looking at audiobooks, education, sports and news.

The company is seeking to become a business 10 times its current size, and generate U.S. $100 billion in revenue with a 40 per cent gross margin annually.

Chief Executive Daniel Ek is seeking to combat the notion of Spotify being a “bad business”.

“That’s why we’re investing so aggressively in building not only a bigger but, we’re thinking, a much more profitable business.”

DANIEL EK, SPOTIFY CHEIF EXECUTIVE

The company says it will go after the audiobook market as it has pursued podcasts. Spotify has also previously sought to tackle false information, after the Joe Rogan scandal.

The stock’s price was up nearly 6 per cent in trading on Wednesday.

Related Topics:
Continue Reading

Tech

Deadpool & Wolverine movie seeks to break Disney’s streak of comic book flops

Published

23 hours ago

on

July 26, 2024

By

A new hope for Disney’s comic book universe.

 

The upcoming Deadpool & Wolverine movie aims to revitalise Disney’s comic book adaptations, breaking the recent streak of underperforming titles on Disney Plus. Despite high expectations, series like She-Hulk: Attorney at Law and Secret Invasion failed to capture audiences, leaving fans eager for a blockbuster hit. With iconic characters and a promise of thrilling action, this film is set to reinvigorate the franchise and restore faith in Disney’s comic book ventures.

Continue Reading

News

AI enters the Big Brother house, raising concerns around the truth of reality TV

Published

3 days ago

on

July 24, 2024

By

How will the integration of AI into reality TV impact audience engagement and what role will this have on the future of entertainment?

The latest season of Big Brother has left fans scratching their heads with the introduction of Big Brother AI, also knowns as BB AI, taking centre stage.

Tom Finnigan from Talkingbrands.ai joins to discuss all the curious AI cases of the week. #featured

Continue Reading

Leaders

UN initiative aims to set international standards for AI ethics

Published

3 days ago

on

July 24, 2024

By

The United Nations has launched a comprehensive initiative aimed at establishing international guidelines for the governance of artificial intelligence.

The UN seeks to address ethical concerns, regulatory frameworks, and human rights implications associated with AI advancements.

Dr. Karen Sutherland from the UniSC joins to discuss the latest. #featured

Continue Reading

Trending Now