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Spotify is 'considering' selling tickets for virtual and live concerts

Reports are indicating that Spotify is 'considering' expanding its business and may move into selling tickets for events.

Published Jul 1, 2021 5:06 AM CDT   |   Updated Wed, Jul 27 2022 3:36 AM CDT

New reports are indicating that Spotify is thinking about expanding its business portfolio into ticket sales for events.

Spotify is 'considering' selling tickets for virtual and live concerts 01 | TweakTown.com

According to a report from The Information, Spotify is "considering" expanding its business and that Spotify is thinking about taking a ticket sale route. The Information puts forward the idea that Spotify is interested in using its data to create more avenues of revenue and plans on doing this by helping musicians plan events in places that promoters may not think are viable.

The Information also mentions that Spotify may be looking to take this avenue to show that it is willing to invest in artists' careers. Furthermore, the move would create a feature of interest that other competing music streaming platforms won't have. The Black Keys and Leon Bridges have already appeared in prerecorded virtual concerts by Spotify that the company sold $15 tickets to, which means Spotify has already stepped foot in this area. However, the last point is no verification of Spotify officially making this business shift.

NEWS SOURCE:engadget.com

Jak joined the TweakTown team in 2017 and has since reviewed 100s of new tech products and kept us informed daily on the latest science and space news. Jak's love for science, space, and technology, and, more specifically, PC gaming, began at 10 years old. It was the day his dad showed him how to play Age of Empires on an old Compaq PC. Ever since that day, Jak fell in love with games and the progression of the technology industry in all its forms. Instead of typical FPS, Jak holds a very special spot in his heart for RTS games.

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