In Spotify Q1 2024 earnings, revenues were up 20% as paid users reach 239 million. Spotify was profitable with $181 million in operating income.| Billboard
Organizations like Spotify, Music Canada and CIMA have been speaking at hearings around Bill C-11, the Online Streaming Act, which will update Canada's media policy for the first time in decades.| Billboard Canada
As the Online Streaming Act is implemented, streaming services with over $25 million in annual revenue and no connection to a Canadian broadcaster will have to pay 5% of those revenues as base contributions, generating an estimated $200 million in funding for "areas of immediate need," according to the CRTC.| Billboard Canada