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Photo: Scott Gries (Getty Images) Woodstock ‘99 was designed to be a glorious third chapter for the most famous music festival of all time. Following the success of Woodstock ‘94, how could the guys behind booking Sha Na Na at Woodstock ‘69 not outdo themselves? They did what any flesh and blood capitalist flower child would do: They booked a music festival without proper toilets, available amenities, or Sha Na Na. What could go wrong? Advertisement Woodstock 99: Peace, Love, And Rage is a new documentary executive produced by Bill Simmons (and, in the interest of full disclosure, former A.V. Club music editor Steven Hyden is a consulting producer on the film and a talking head in the trailer). The movie focuses on the planning, execution, and tragedy of Woodstock ‘99, a music festival that played host to violence, sexual misconduct, and a collective outburst of anger. ....
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3 Min Read STOCKHOLM (Reuters) - Spotify on Wednesday forecast that revenue and paid subscribers would miss Wall Street estimates this quarter due to uncertainty over how long the coronavirus crisis would last and with it a surge in demand for its music streaming. The company’s shares, which have more than doubled in the last year, were down 10% in midday trading. Spotify has seen a sharp rise in paid subscribers during the pandemic as people have been locked down at home and in the fourth quarter beat revenue estimates as it hit 155 million paid subscribers for its premium service. While advertising was hit by the pandemic, it had little impact on subscriber growth, and may actually have contributed to pulling forward new signups, Spotify said in a statement, adding that total monthly active users rose 27% to 345 million. ....
Spotify Hits 155 Million Paid Subscribers in Q4, Says Podcast Listening Nearly Doubled Todd Spangler, provided by FacebookTwitterEmail Spotify packed in a strong end to the year roiled by the pandemic, topping forecasts for Premium subscribers to reach 155 million (up 24%) in the fourth quarter of 2020 adding a record 30 million for the year. The audio streamer’s total users grew 27%, to 345 million in Q4, after netting 74 million in 2020, also a record. The company touted its podcast strategy and reiterated its belief that the strategy is paying back, despite some skeptics on Wall Street. As of Q4, Spotify had 2.2 million podcasts on the platform (up from 1.9 million podcasts the prior quarter and up more than threefold year over year). The company said 25% of its total user base engaged with podcast content in the quarter (up from 22% in Q3 and 16% in the fourth quarter of 2019). In addition, podcast consumption hours in Q4 nearly doubled year-over-year. ....