Posts Tagged Spotify
Spotify’s stock market debut, Google puts artist posts directly in search results, Apple and the possible future of iTunes, iHeartRadio files for bankruptcy and a stumbling block for Apple’s Shazam acquisition
Spotify’s approaching, and much trailed, stock market debut that will see it next month undertake a direct listing rather than a traditional IPO has thrown some light on the streaming service’s performance to date. Such as the $1.4bn losses (on revenues of around $4.6bn) it saw in 2017, or the fact that with 159 million average monthly users the firm (whose CEO Daniel Ek is pictured above) estimates it’s twice as popular as its nearest competitor Apple Music. Read the rest of this entry »
Apple acquires Shazam, Spotify prepares to go public, Facebook strikes UMG rights deal – as does YouTube, Microsoft shuts down Groove
Apple has acquired Shazam in a deal worth a reported $400m. The UK company, which was already integrated with Siri, is best known for allowing users to identify music via their smartphone or computer, but it also has an AR platform and visual recognition technology. Read the rest of this entry »
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 »
In this digital music roundup – the first in a possible series: Spotify’s paywall, the US streaming market, Samsung and Google Play Music, Neil Young’s new streaming service Xstream and two augmented reality apps from Gorillaz (pictured above)
Spotify will allow labels to put new albums behind a two-week ‘paywall’, during which time they will only be available to the streaming service’s paying users. It concluded separate deals with digital rights agency Merlin, which negotiates on behalf of thousands of indies – including Sub Pop, Epitaph and Domino, and Universal Music Group (UMG). The flexible release policy also provides “unprecedented access to data, creating the foundation for new tools for artists and labels to expand, engage and build deeper connections with their fans”. Read the rest of this entry »
Spotify and Uber appear to have added a new way to annoy your taxi driver with a partnership that allows Spotify users to choose the music that plays in the taxi firm’s cars.
Soon users that connect their Spotify and Uber apps will be able to select music from either featured Uber playlists or their own ones on Spotify within the Uber app, or pick tunes from via the Spotify app. Read the rest of this entry »
That’s the trouble with announcing a revolution. If you fall short of your lofty ideals, you’re left looking somewhat exposed.