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If Spotify continues to grow at its current pace, it will have 1 billion users worldwide by mid-2027.
This is one of the key takeaways from MBW’s Q1 2023 quarterly results, which MBW announced today (April 25), which hit SPOT’s Monthly Active Users (MAU). was confirmed. 515 million by the end of March this year 26 million Quarterly.
As Spotify CEO Daniel Ek explained on the company’s conference call with analysts this morning, QoQ’s user growth is the second largest in Spotify’s history, second only to Q4 2022. It was something. 33 million MAU.
So the quarterly average net additions of MAUs over the last six months would be: +29.5 millionannual run rate of … +118 million Annual MAU. Impressive.
Another takeaway from Ek’s call with analysts today?
Spotify takes seriously concerns about the impact of AI-generated music on entertainment rights owners.
The debate over the use of AI in music reached a boiling point last week after a track featuring AI-generated vocals that copied the voices of Drake and The Weekend emerged.
The track has since been removed by platforms including Spotify after a successful copyright infringement claim by Universal Music Group.
While the “Fake Drake” track was still available on Spotify last Monday (April 17th), UMG replied:[streaming] Platforms have a fundamental legal and ethical responsibility to prevent their services from being used in a way that harms artists. ”
It’s a message that Daniel Ek seems to have heard loud and clear.
During Spotify’s first quarter conference call today, executives said, “We’ve heard from some major labels that copyright backlash”.
Ek was careful to distinguish Spotify’s AI DJ from the broader AI conversation related to copyright, noting that “the AI DJ…has only received positive response from the industry as a whole.” Did.
Then he worked on the elephant in the room.
“[Spotify] is working with our partners … trying to position ourselves to allow both of us to innovate, but protect all creators on our platform. ”
Daniel Mee, Spotify
Ek said:[T]The AI backlash from the copyright industry, or from labels and media companies, is actually [concerned with] Issues like “name and likeness”, what copyright really is, who owns the rights to something you upload and claim to be Drake [when] It really isn’t. Those are legitimate concerns. ”
Ek then confirmed: [Spotify is] Together with our partners, we seek to establish a position that enables innovation while protecting all creators on our platform. ”
Ek’s confirmation came after the emergence of an email via the Financial Times recently sent from Universal Music Group to streaming partners, including Spotify, in March. Content may not be published without obtaining the necessary consents and paying compensation from the rights holders who own or create the content. ”
An unnamed “person familiar with the matter” told the FT that UMG had issued takedown notices “left and right” for infringing AI-generated tracks.
Ek’s comments follow those of another music streaming company’s CEO on artificial intelligence.
Deezer Chief Executive Officer Jeronimo Folgueira said in the company’s 2022 earnings call on March 1: ”
He adds:
“I don’t think I’ve ever seen anything like this [AI] The speed of technological innovation and progress. ”
Daniel
Elsewhere on Spotify’s earnings call today, Daniel Ek said of the relationship between AI and music, “It’s a very nascent and incredibly fast-developing field.” .
Ek adds:
“But in terms of risk, it’s not just for Spotify, it’s important for our entire creative ecosystem. It’s about copyright issues and who owns what copyrights and doing things in name and name. It’s a question of what’s a fair way of attributing value sometimes, like similar situations or inspired by a particular artist.
“I think the whole industry is trying to understand that. [AI] training. There are a lot of uncertainties across the ecosystem, so I would definitely put that in the risk account. ”
As reported on Tuesday (April 25), the music streaming company added 5 million net premium subscribers to its user base in the first quarter of 2023 (three months to end March), bringing all Bringing the total number of paying subscribers worldwide to 210 million.
This 210 million subscribers recorded premium subscriber growth 15% YoY, exceeding the company’s guidance for the quarter by 3 million.global music business
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