A rapper sues Spotify alleging it manipulated streams, potentially costing billions, to favor Drake's music. The lawsuit claims Spotify ignored bots artificially inflating listening numbers.
Lakestar, a major European VC firm, shifts its strategy, halting new generalist fundraisings to focus on existing portfolio companies. The firm, which backed Revolut and Spotify, aims to maximize returns, with over €2B raised in the past 12 years.
Netflix will broadcast video podcasts from Spotify on its platform in a new partnership between the streaming giants. This move targets the growing popularity of video podcasts, especially among younger audiences.