Once an artist profile is ready to go, artists can start promoting their music directly and get into Spotify playlists to increase streams and revenue! In 2018, Spotify launched “Spotify for Artists” – an online tool to help artists and record labels to manage and customize their artist profiles with biographies, pictures, social links, and more. In June 2020, the music streaming site’s value went up to $44.96 billion. The company was then valued at $29.5 billion. The company made its debut on the New York stock market on April 3rd, 2018, with a share price set at $165.90. You can now get your music on Spotify in 184 countries including Brazil, Vietnam, Israel, and South Africa. The revenue paid to rights holders recently reached €8 billion. The library contains over 80 million songs that can be found in four billion different Spotify playlists.
In the third quarter of 2022, the Swedish streaming platform reported 456 million monthly active Spotify users: 195 million of those users being paying subscribers of Spotify premium.
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