After announcing subscription price hikes in numerous markets outside the US earlier this month, Spotify now plans additional price hikes as it works towards sustained profitability. Spotify Co-President and Chief Business Officer Alex Norström told the Financial Times in a recent interview that price adjustments have become “part of our toolbox now” after maintaining flat … Continued
Lyric Capital is reportedly leading the talks, with The Weeknd already reaching out to other investors to assemble the financing package of up to $1 billion.