SPOT - Spotify's Paid-Subscriber Dilemma - Lyrics May Hold the Key | Benzinga
Spotify Inc (NYSE: SPOT) is witnessing a surge in its user base, but its paid subscribers growth lags behind free listeners.
In response, the music-streaming giant is exploring a move to put lyrics behind its paywall.
Recently, Spotify made headlines by restricting lyrics access to some non-paying users.
This alteration is currently in the testing phase, TechCrunch cites Spotify PR executive CJ Stanley.
While Spotify has advocated for its ad-supported free tier, it hasn’t shown much attention to it lately. The last ...