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News about streaming: events, facts and developments on tafs uz.

13 stories

Streaming is drowning in old songs: two-thirds of plays are music older than five years

According to Luminate, in the first half of 2026 about 60% of listens in the UK and US went to songs older than five years. 18 of the 20 best-selling songs of the year in the UK were released more than 12 months ago. Meanwhile, over 100,000 tracks are uploaded to streaming services daily, and Spotify removed 75 million “spam tracks.” The industry is looking for ways to support new artists. According to Luminate, in the first half of 2026 about 60% of plays in the UK and US went to songs older than five years. 18 of the 20 best-selling songs of the year in the UK were released more than 12 months ago. Meanwhile, more than 100,000 tracks are uploaded to streaming services daily, and Spotify removed 75 million 'spam tracks'. The industry is looking for ways to support new artists.

4 min read

Spotify confirmed Family Plan address verification via QR codes, calling it a 'routine improvement'

Spotify confirmed the rollout of QR-code verification for Family Plan subscribers during its third-quarter earnings call. Co-CEO Alex Norström rejected the word 'crackdown', calling the measure a routine improvement to existing verification tools. Subscribers have seven days to scan the code; if they miss the deadline, they will have to switch to an individual plan, and joining another Family or Duo plan will be blocked for 12 months.

2 min read

Spotify bets on AI agents: 788 million users and nearly €5 billion in revenue for the quarter

Spotify reported a strong third quarter: 788 million monthly active users and revenue of about €5 billion (~$5.6 billion). On the investor call, co-CEO Gustav Söderström explained why the company sees the era of AI agents as favorable for itself: Spotify is integrated with Meta Muse, ChatGPT and Claude and wants to become the media service that agents turn to by default.

3 min read

Netflix beats Q3 profit forecasts, but shares fall on growth slowdown concerns

Netflix reported better-than-expected earnings: EPS $0.87, revenue $12.87 billion (+12% y/y), net income $3.66 billion. The company acknowledged investor concerns about slowing viewing hours and revenue growth, announced layoffs of about 1,000 employees (6%) and a change of content chief: Bela Bajaria is being replaced by Peter Rice. Despite solid results, shares fell more than 5%.

4 min read

Netflix cuts about 1,000 employees — 6% of its workforce

Netflix announced layoffs of roughly 6% of its staff, about 1,000 people, mainly in product, technology, legal and HR. In a memo, co-CEOs Ted Sarandos and Greg Peters said the business is 'strong and growing' and the company remains on track for its annual forecast. This is the largest layoff since 2022; the quarterly report is expected on October 20.

3 min read

Netflix to carry out its largest staff reduction since 2022

Netflix is cutting about 1,000 jobs, roughly 6% of its workforce, in its largest layoffs since 2022. Co-CEOs Greg Peters and Ted Sarandos announced the cuts in an email to employees, citing the need for discipline in prioritizing people and resources. Most layoffs will affect product development, technology, legal, and HR divisions. Netflix had about 16,000 full-time employees at the end of 2025, and its market capitalization has fallen nearly 25% since the start of 2026.

1 min read