Some public libraries in the US and Canada are using open-source software MUSICat to offer their own music streaming services and boost their local music scenes (Claire Woodcock/VICE)

Claire Woodcock / VICE:
Some public libraries in the US and Canada are using open-source software MUSICat to offer their own music streaming services and boost their local music scenes  —  It’s not Spotify, but some cities now host music platforms with their own local flavor.  —  Claire Woodcock

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US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify (Jem Aswad/Variety)

Jem Aswad / Variety:
US music publishers settle on 15.35% for 2023 to 2027 mechanical streaming rates, avoiding costly legal fights with Amazon, Apple, Google, Pandora, and Spotify  —  The announcement comes as a surprise, as the NMPA has been saying for months that it would push for a 20% rate for the forthcoming period.

Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss (Dawn Chmielewski/Reuters)

Dawn Chmielewski / Reuters:
Spotify reports Q3 revenue up 21% YoY to €3.04B, MAUs up 20% YoY to 456M vs. 448.6M est., and Premium subs up 13% YoY to 195M; stock drops 6%+ on ad growth miss  —  Audio streaming service Spotify Technology SA (SPOT.N) Tuesday surpassed Wall Street’s estimates for revenue and subscriber gains …

Spotify updates its iOS app to remove audiobook purchasing options, saying in a message to users that “it’s not ideal”, to comply with Apple’s App Store rules (The Verge)

The Verge:
Spotify updates its iOS app to remove audiobook purchasing options, saying in a message to users that “it’s not ideal”, to comply with Apple’s App Store rules  —  An update for Spotify’s iOS app released Thursday had a big change for its audiobooks vertical — and not for the better.

Google expands its user third-party billing pilot to the US, Brazil, and South Africa, with Bumble and Spotify, which will roll out its test this week (Sarah Perez/TechCrunch)

Sarah Perez / TechCrunch:
Google expands its user third-party billing pilot to the US, Brazil, and South Africa, with Bumble and Spotify, which will roll out its test this week  —  Google today announced it’s expanding its user choice billing pilot, which allows Android app developers to use other payment systems besides Google’s own.

Northzone, the European VC firm that backed Spotify and Klarna, has raised a €1B fund, its largest to date, and will allocate ~40% to later-stage investments (Hasan Chowdhury/Insider)

Hasan Chowdhury / Insider:
Northzone, the European VC firm that backed Spotify and Klarna, has raised a €1B fund, its largest to date, and will allocate ~40% to later-stage investments  —  – Northzone has raised over 1 billion euros (around $1 billion) for a fresh new fund.  — The new fund will be used …