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Tech

Spotify targets 1 billion listeners by 2030

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2 years ago

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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.

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Tech

The biggest entertainment industry continues studio closures

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3 days ago

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May 10, 2024

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Microsoft’s Xbox division announced the closure of several studios post their Bethesda acquisition.

Among the studio closures are Arkane Austin and Tango Gameworks.

Meanwhile, Nintendo hints at a new Switch, and PlayStation backtracks on linking Steam accounts for HellDivers 2.

Nintendo surprises with a NES Championship edition. New games this week include Crow Country, V Rising, Animal Well, and Little Kitty, Big City. #Featured #Trending

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Shows

Cyber attacks: health sector targeted

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3 days ago

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May 10, 2024

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Cyber attacks are rife within the healthcare sector. So what’s the solution?

Cyber inSecurity dives into the challenges, solutions, and real-world applications in the fast paced world of cyber security. Hosted Nam Lam, Managing Director and Gary Savarino, Field CTO at Sailpoint.

In this episode, Gary is joined by Aaron Le Saux, ICT Architecture and Integration Manager at Calvary Health Care. #cyber insecurity

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Shows

Simplifying complex cyber security

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3 days ago

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May 10, 2024

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What are the consequences of oversimplifying identity management?

Cyber inSecurity dives into the challenges, solutions, and real-world applications in the fast paced world of cyber security. Hosted Nam Lam, Managing Director and Gary Savarino, Field CTO at Sailpoint.

In this episode, Gary is joined by Brendan Kelly, Senior Manager Cyber Security at Resolution Life. #cyber insecurity

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