Spotify Climbs 6% on Report of Paid AI Remix Service; Sirius XM Edges Higher, Warner Music and Netflix Hold Steady
Spotify shares rose 6% in afternoon trading after a report described a plan to charge customers for an AI remix service. Sirius XM edged higher, while Warner Music and Netflix held steady.
Why it matters — The report includes Sirius XM’s modest move alongside other entertainment companies, offering a snapshot of its trading in the context of Spotify’s AI-service news.