Spotify, which is holding its first investor day in four years, is now under the direction of co-CEOs Gustav Söderström and Alex Norström.

Spotify, which is holding its first investor day in four years, is now under the direction of co-CEOs Gustav Söderström and Alex Norström.

Highlights from Spotify Investor's day: UMG AI deal, Audiobooks to generate $100 million in revenue, ticketing partnership with Live Nation and more.

May 21 : Spotify on Thursday laid out an ambitious roadmap to drive growth and profitability through the end of the decade, doubling down with AI-powered features to boost user…

It also announced a landmark deal with Universal Music Group to create a new tool that allows fans to create covers and remixes.

The company laid out its plans for hitting 1 billion users by 2030.

Spotify and Universal’s AI licensing deal turns fan-made covers and remixes into a paid Premium feature, raising questions about control and royalties.

Spotify and Universal Music Group strike a deal letting Premium users create AI covers and remixes, while Spotify targets mid-teens revenue CAGR through 2030.