Posts Tagged Pandora
Alphabet backs digital data-powered record company United Masters, Musical.ly acquired by a Chinese media firm, Pandora’s suffering continues, Spotify buys a digital music production company and YouTube partners with Ticketmaster
Google’s parent company Alphabet made a $70m investment into United Masters last year. The news surfaced earlier this month as the firm emerged from stealth mode. Founded by former Interscope Records president Steve Stoute, United Artists aims to be a new kind of record company, one that combines music, marketing, data and technology to offer artists a direct-to-consumer relationship with their fans across digital services. Read the rest of this entry »
SoundCloud staff reductions cut deep, Twitter strikes live-streaming deal with Live Nation, Pandora slims down its operations, internet music pioneer eMusic relaunches and Spotify defends itself from ‘fake artist’ accusations.
SoundCloud has cut 40% of its staff in a defensive move to protect its independence within an increasingly tough online music market. The decision comes despite doubling its revenue in the last 12 months, but co-founder Alex Ljung said that, alongside the cost-cutting, further growth is needed from its advertising and subscription revenue streams. Less than a week after that announcement Ljung was forced to put out a statement saying ‘SoundCloud is here to stay’. Read the rest of this entry »
There can be few better ways of starting a week you know will end with a major strategic announcement than by inadvertently ‘doing a Ratner’. But seeing as the deal Nokia chief executive Stephen Elop unveiled on Friday was one to kill off Symbian, the leaking of a memo in which he compared it to “a burning platform” probably didn’t do too much harm.
The company’s decision to jump into bed with Microsoft and use its Windows Phone 7 operating system might seem an odd one – Nokia invented the smartphone and leads the market with 37.6% of all smartphones sold last year running its Symbian operating system.
But its smartphone position has been waning, with market share down from 46.9% in 2009 and, as Elop noted, “Apple owns the high-end range” and Android is “winning the mid-range, and quickly they are going downstream to phones under €100”. Read the rest of this entry »