With fanboy like zeal, I'll admit that Spotify's Discover Weekly is one of my favorite features on any streaming service. (Though, I'm also excited about Slacker's new programming.) Stats from Spotify show that millions of others have also experienced the eerie accuracy with which Discover Weekly unearths great music that fits their specific tastes.
Are playlists the new radio? It's too early to know if that's really an apt comparison, but its unequivocally true that playlists generate huge interest and income. Proving just how important playlisting has become, Spotify, the biggest player in streaming music globally, has shared new playlist stats.
80% revenue growth would be cause for celebration at almost any company. But Spotify isn't just any company. Growth means greater expenses for the music streamer and last year, which they are calling their "best year ever," Spotify suffered a $194 million loss while paying 84% of total revenue to the music industry.
In an "Open Letter to YouTube, 'Pushers' of Piracy" composer, bandleader and five-time Grammy winner Maria Schneider leaves no stone unthrown as she goes after Google and its YouTube subsidiary: "... for the vast majority of the artistic community, including me, and every musician I know (and I know thousands), YouTube is a resounding disaster."