Spotify, the world’s top selling music streaming service, expects revenue to grow 20-30 percent this year as currency swings slow the pace from 2017. As David Pollard reports, the Swedish company released the figures as it gears up for a highly anticipated stock market listing next week.
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Popular streaming services Hulu and Spotify are linking up, saving you money as you stream.
For $12.99 per month, users can now get a dual subscription to Hulu ($7.99 with limited ads) and Spotify Premium ($9.99). That’s a savings of $4.99 per month if you already pay for both services separately. The only cheaper option available is the student package introduced last fall, which offers college students the same bundle for $4.99 per month.
“2 apps. 1 bill. Endless entertainment,” Spotify touted in an ad Wednesday. Right now, only current Spotify Premium members are eligible for the deal, which includes a three-month Hulu trial for 99 cents before users can choose to commit to the dual subscription. The companies plan to open up the deal to everyone this summer.
As the ad explains, the partnership will grant you access to both services, but you will need to use their respective apps.
You won’t be able to watch Hulu videos in Spotify or stream music in Hulu. Instead, once you since up you will be redirected to Hulu’s website where you can either create an account (if you don’t already have one) or link your existing Hulu account to Spotify’s billing.
One other thing to note: This deal is only for the Hulu “Limited Commercials” plan. If you pay for Hulu’s “No Commercials” plan or for its live TV service you won’t be able to get the Spotify discount.
The partnership comes as streaming services, in general, continue to show steady growth, particularly among young people, according to a Pew Research Center survey and other research. Partnerships allow music streaming services like Spotify to compete with more expansive sites like Amazon, which offers both video and music streaming.
Hulu is growing, too, thanks to popular original series like The Handmaid’s Tale. Spotify Premium offers unlimited music streaming, curated playlists, podcasts and more, and is the most widely-used service of its kind.
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