Spotify reported a net income of €1.1B in 2024 after cutting €500M in marketing, R&D, and administrative expenses, solidifying its position as a market leader in music streaming. The company’s strategic cost reductions have given it a significant competitive edge over its competitors, signaling a successful shift towards profitability and sustainability in the industry. Spotify’s newfound financial stability reflects its ability to adapt and innovate, showcasing its resilience and market dominance.
Full Article
Dude Perfect and Mark Rober may be the next YouTubers to get big streaming deals
Streaming platforms like Netflix are aggressively pursuing YouTubers like Dude Perfect and Mark Rober for big streaming deals, following the success of MrBeast's Beast Games. Amazon has reportedly made over $100 million in profit from the show and is negotiating for two more seasons with MrBeast asking over $150 million per season. Netflix has approached Rober and Dude Perfect, but its restrictions on sales promotions in shows it funds have been a sticking point in...
Read more