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SPOTIFY’S GLOBAL MONTHLY ACTIVE USERS TOP 200M, UP BY 20M IN THE PAST SIX MONTHS 

Spotify now has more than 200m monthly active users (MAUs) around the world. 

The news was broken by the service’s communications chief Dustee Jenkins, at CES in Las Vegas. 

Speaking in an interview yesterday (January 10), Jenkins revealed that the service broke through the 200m barrier last week.

That’s up by 20m on the 180m MAUs Spotify announced at the end of Q2 2018, and 9m on the 191m MAUs it announced in Q3. 

We’ll have to wait for Spotify’s Q4 earnings announcement (coming next month) to learn the company’s official year-end MAU tally for 2018.

In its Q1 2018 results announcement, Spotify projected that monthly active users would end 2019 somewhere between 198-208 million. By the time of its Q3 results, that top-end number had reduced slightly to 199-206 million. 

Judging by Jenkins’ comments, it looks like Spotify finished the year at the lower end of that margin. 

Speaking in an interview with Cheddar.com, Jenkins said: “It’s important to note [that] Spotify is the world’s largest global music streaming service, we’re about two times bigger than anyone else – in fact we just hit a major milestone a week ago, 200 million monthly active users. That’s a lot of people on the platform.” 

“WE JUST HIT A MAJOR MILESTONE A WEEK AGO, 200 MILLION MONTHLY ACTIVE USERS. THAT’S A LOT OF PEOPLE ON THE PLATFORM.” - DUSTEE JENKINS, SPOTIFY 

She added: “We’ve said all along, we want to focus on growth. We believe in being a profitable company, but first and foremost we have to grow and get to regions of the world that still don’t have Spotify. 

“There are still parts of the United States where Spotify is not widely used… the company has done a great job of prioritizing growth and making the service better, because there’s a lot of competition and we’re only as good as the user thinks we are so we have to continue to enhance our service.”

Liberty Media about to buy a stake in CAA? 

IS LIBERTY MEDIA ABOUT TO BUY INTO TALENT AGENCY CAA?

Liberty Media has been a busy bee in the music industry of late. 

Liberty-controlled Sirius XM’s agreed $3.5bn acquisition of Pandora is set to close by the end of March – while Liberty itself has been linked as a possible buyer of a stake in $33bn-valued Universal Music Group. 

Now, another music industry institution is being linked with US-based Liberty – Creative Artists Agency (CAA).

According to a report in the Financial Times, Liberty is ‘in talks’ to acquire a stake in CAA, which represents the live careers of artists ranging from Lady Gaga to Ariana Grande, Bob Dylan, Carrie Underwood, Ed Sheeran and Kanye West (pictured). CAA also represents a host of talent in the world of sport – an industry Liberty knows well as the owner of motorsport giant Formula One. 

Los Angeles-headquartered CAA’s current shareholders include private equity firm TPG – also an investor in Spotify – which owns 60% of the agency. 

Minority stake-owners in CAA include Singapore-based Temasek, also an investor in SoundCloud, plus China’s CMC Capital Partners. 

When TPG upped its stake in CAA in 2014 in a $225m deal, the talent agency was valued at more than $1bn. 

CAA and Liberty Media declined to comment on today’s rumor. 

The FT reports that Liberty is likely to be keen to acquire a “substantial stake” in CAA, although it cited sources briefed on the negotiations who said there was no guarantee of a deal being reached. 

Liberty Media is run by CEO Greg Maffei and Chairman John Malone. Maffei is also Chairman of SiriusXM, Live Nation and TripAdvisor.