At the recently held Spotify’s second Stream On event attended by music artists, songwriters, video and content creators, and podcasters from all over the world Spotify launched a number of new features and tools to help its creator community grow their careers and reach more fans.
The new features, tools and resources aim to help creators and artists be discovered and as well be able to create deeper and long-lasting connections between creators and listeners.
“Stream On is about all the ways we are bringing Spotify to life and letting creators at all stages of their careers know that we are open for business. We are focused on building the best home for them – a place where they can establish a career, thrive and grow and where the world can be inspired by their creativity,” Spotify Founder & CEO Daniel Ek shared during the morning keynote presentation.
The new Spotify experience will roll out in waves beginning today to its 500+ million monthly active users — below is a snapshot of what to expect in Kenya:
- With Smart Shuffle, we’re introducing a new way to inject new music that perfectly complements an existing playlist with just the tap of a button.
- Building on the success of podcast previews, creators can choose or have Spotify automatically generate Previews of their music and podcasts for users to sample before they play or save.
- Just like with music, Spotify will now serve Autoplay for Podcasts — when a podcast ends, another episode will automatically start playing that fits the user’s tastes and is relevant.
“Spotify recommendations drive close to half of all users’ streams. And when listeners decide to follow a creator, they listen to, on average, five times more of their music,” said Gustav Söderström, Spotify Co-President and Chief Product & Technology Officer. He continued, “That’s why discoveries on Spotify—unlike many other platforms—give creators so much more than just a fleeting moment of viral fame. Those meaningful, long-term connections are a key part of what makes Spotify a platform for professional and aspiring artists.”
Helping creators build and grow audiences with new and enhanced tools.
Spotify showcased a suite of Spotify for Artists tools that help artists find the fans who’ll love their music most. Spotify also shared more details on the next revenue line to help artists grow: merchandise and live events.
- New Concert and Merch Discovery tools will help make sure concert-goers never miss another show. Listeners will begin to see merch offers and concert listings in far more places across the app. If a show catches a fan’s eye, they can tap a new ‘interested’ button to save the listing to their own calendar in the Live Events Feed. Users can adjust their location and browse concerts worldwide, all personalised to their taste.
- Spotify is also expanding its Fans First program to include more artists, ensuring top listeners receive emails and notifications that give them special access to concert pre-sales and merch exclusives.
Spotify also announced the rollout of additional podcast features. Spotify for Podcasters now brings together the best of Spotify’s podcast creator tools into a one-stop shop to create, manage, grow and monetize podcast content.
Previously, Spotify’s most innovative features were limited to Anchor users exclusively. But the company is building the new Spotify for Podcasters in a way that offers more open access to innovation. As a result, all Spotify for Podcasters users—including those not hosting their content on Spotify—will find access to Q&A and Poll functionality in their dashboards.
Starting today, when all creators sign up or log in to Spotify for Podcasters, they’ll find a dashboard with everything they need to make, manage, and level up their show, including:
- The ability to upload and publish episodes (for users hosting their show with Spotify for Podcasters)
- Interactive features like Q&A and Polls
- Advanced analytics to track a show’s growth, including streaming numbers and audience demographic data
Spotify also announced new and expanded Spotify Originals and Exclusives:
- Spotify and DC Comics will launch a new podcast series The Riddler: Secrets in the Dark which will be led by Phantom 4 and filmmaker, novelist, and comic book writer David S. Goyer. Fans can expect all of the beloved characters from the “Batman Unburied” series.
“Today, there are more than ten million creators on Spotify with over half a billion listeners across 184 countries and markets,” Spotify Founder & CEO Daniel Ek noted. “Think about the massive potential that represents for creators. No matter where you are on your own creative journey within music, podcasts or audiobooks. The potential to reach half a billion people. And that reach is about to become more powerful with what we’ve introduced today.”
Continuing to help artists find success through streaming
Finally, Spotify unveiled its annual music royalties report, Loud & Clear. This year’s update shows that more artists are finding success than ever before: the number of artists generating $1M+, as well as those generating $10,000+, has more than doubled over the past five years. Additionally, Spotify estimates that the 50,000th highest-earning artist on Spotify generated more than $50,000 across all recorded revenue sources.
The site also details how Spotify pays the vast majority of every dollar it generates for music—nearly 70 percent—back to the industry, and all-time Spotify payouts to music rights holders are approaching $40 billion dollars.
