Spotify opens up its algorithm... for a fee
CMU’s Andy Malt and Chris Cooke review key events in music and the music business from the last week, including Spotify's new pilot scheme allowing artists and labels to influence its music-selecting algorithm in return for a lower royalty rate, plus Live Nation's beaming positivity in the face of another round of definitely not positive financial results. SECTION TIMES 01: Spotify algorithm (00:07:01) 02: Live Nation finances (00:27:39) (Timings may be slightly different due to adverts) STORIES DISCUSSED THIS WEEK • Spotify to allow artists and labels to influence its curation algorithm – in return for a royalty discount • Live Nation summer revenues down 95%, but company talks of cautious optimism and being prepared ALSO MENTIONED • IMPALA and CMU partner to launch digital intelligence facility One Step Ahead MORE FROM CMU • Book your place on CMU's end of year webinars • Buy the new Dissecting The Digital Dollar book on Amazon • Sign up to receive the CMU Daily news bulletin