However, in early 2023, Spotify CEO Daniel Ek embarked on a series of cost-cutting measures that would lead to the stock's turnaround. All in all, Ek cut about 17% of the company's workforce in ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Daniel Ek’s body-scanning start-up Neko Health has raised $260mn in new capital to fuel expansion of its ...

Spotify and Universal Music Group have announced a new, multi-year direct licensing pact that will cover the United States and several other companies, according to a Sunday release. “When we ...

Universal Music Group (UMG) UNVGY, the world’s biggest music label, and Swedish streaming giant Spotify SPOT-N have reached a new multi-year agreement for recorded music and music publishing ...

The partnership will ensure constant innovation, making music subscriptions even more attractive to a broader worldwide audience, Spotify founder and CEO Daniel Ek said.

The round follows a Series A of $65 million in 2023 from Lakestar, Atomico, General Catalyst, and Prima Materia, the investment firm co-founded by Spotify’s Daniel Ek, who happens to be the ...

Spotify CEO Daniel Ek is now the proud co-founder of two billion-dollar-plus companies after his body scanning startup, Neko Health, reached unicorn status in its latest fundraising round.