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Spotify sees a path to profitability – Hyperradio

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We have often thought of the radio as a window open to the outside: it suffices to zapper to discover the world (as illustrated this tool which allows you to walk on a world map on all the radios of the planet). Reinvented in particular by the platformization of industry, the consumption of sound content is becoming ever more personalized.

New announcements at Spotify: user experience at the heart of the story

The almost 2-hour press conference held by the Swedish company on February 22 gave pride of place to announcements: Spotify will soon be available in over 80 new countries (which represents a billion additional potential users for the brand); a new subscription, Spotify HiFi, will allow subscribers to listen to music in CD quality (a major new competitor for Tidal and Qobuz). To support the launch of this new offer, new partnerships with manufacturers of hi-fi equipment will also be announced within a few weeks.

On the podcast side, Spotify announced a partnership with WordPress to allow creators to easily convert their writing into podcasts using a speech-to-text tool (and make it easier for content creators to create a wordpress site). Spotify is also planning an expanded deployment of podcast creation tools within its platform..

On the marketing side, Spotify significantly strengthens its tools for advertisers, artists and podcast producers with the aim of facilitating their path to profitability.

Auditor engagement through exceptional content

These different announcements all illustrate the same ambition of Spotify: to offer more relevant content to users, to get them out of their comfort zone, to surprise them by promoting the discovery of new content … but above all to maximize the duration of use of its application .

What could be more effective in fostering engagement than offering exceptional exclusive content that you wouldn’t find elsewhere? Spotify finally assumes its role of content producer by offering new exclusive collections with major franchises and talents from the cinema: exclusive DC Comics podcasts, a new partnership with the AGBO cinema production studio brothers Joe and Anthony Russo, directors of the blockbuster Avengers: Endgame

Spotify is therefore betting to embark on the production of great sagas transmedia, born from narrative back and forth between video games, literature, cinema, comics, and now podcast. If the user will be able to dream of being a super hero for an episode, Spotify also makes the choice to invest in programs carried by exceptional individuals such as Barack Obama and Bruce Sprinsteen or the princely couple Harry and Meghan… To promote user engagement – where when works become worlds in which users evolve alongside their idols.

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