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....A stream of “down rounds” – when a company raises funds by selling shares that are valued lower than the last time they raised funds, leading its overall valuation to fall – has led investors to be more discerning. CB Insights has tracked more than 100 of these down rounds and exits since 2015, including software company Zenefits, mobile app Foursquare and online music streaming service Rdio. ... [Read full article on Guardian ]
Friday 17th of March 2017 07:02:02 AM
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. Spotify has become the first music streaming service to pass 50 million paying customers. ... [Read full article on BBC ]
Friday 3rd of March 2017 01:42:36 PM
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.... Last summer, he bought the startup out of administration for £675,000 in cash. Crowdmix, which would allow members to create playlists using their accounts with music streaming services such as Spotify, had widespread backing from investors in the City, music industry professionals and media executives. ... [Read full article on Guardian ]
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Latest Finance News related to Music Streaming

Has the tech bubble peaked? Signs that the startup boom may be fizzling image
....A stream of “down rounds” – when a company raises funds by selling shares that are valued lower than the last time they raised funds, leading its overall valuation to fall – has led investors to be more discerning. CB Insights has tracked more than 100 of these down rounds and exits since 2015, including software company Zenefits, mobile app Foursquare and online music streaming service Rdio. ...
Spotify hits 50 million subscribers image
Source : BBC [Read Article] Friday 3rd of March 2017 01:42:36 PM
. Spotify has become the first music streaming service to pass 50 million paying customers. ...
Christian Candy 'was hellbent on destroying' former friend's family image
Source : Guardian [Read Article] Tuesday 28th of February 2017 05:32:23 PM
.... Last summer, he bought the startup out of administration for £675,000 in cash. Crowdmix, which would allow members to create playlists using their accounts with music streaming services such as Spotify, had widespread backing from investors in the City, music industry professionals and media executives. ...
The UK's inflation foot soldiers: how the ONS measures the CPI image
Source : Guardian [Read Article] Sunday 12th of February 2017 04:58:06 PM
....The ONS also updates the basket each year to reflect people’s changing habits. In recent years, satnavs and frozen pizzas have come out, and music streaming services, headphones and craft beers have gone in. ...
Spotify offers Barack Obama a job as 'President of Playlists' image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:29:13 AM
....President Barack Obama recently joked that he was hoping for a job at Spotify when he leaves the White House. And it seems the music streaming service is keen to oblige him, after it posted on its careers page a vacancy for "President of Playlists. ...
Music streaming hailed as industry's saviour as labels enjoy profit surge image
Source : Guardian [Read Article] Thursday 29th of December 2016 02:09:43 PM
....Yet 2016 has seen a reversal of fortune – and the industry’s saviour is not what many predicted. Profits from music streaming, first championed by Spotify and now offered by Apple and Amazon, have given some labels their largest surge in revenue in more than a decade. ...
Will Spotify kill the music download? image
Source : Guardian [Read Article] Monday 26th of December 2016 08:00:37 AM
....What the RIAA, which represents US labels, was complaining about is known in the industry as the “value gap” – the difference in effective per-play payments between audio services such as Spotify, and YouTube. YouTube, though, remains the world’s biggest venue for music streaming, with millions of videos that can be combined into playlists. ...
China's LingLong launches DingDong smart home speaker image
Source : BBC [Read Article] Thursday 24th of November 2016 04:40:09 AM
....Like Echo and Home, it can be used to control light switches, thermostats and home appliances. And, similar to its rivals, there is internet search, traffic and weather information, directions, online shopping, and music streaming. ...
Metro Bank lets customers choose Mr, Ms, Mrs and Mx image
Source : BBC [Read Article] Thursday 3rd of November 2016 06:22:12 PM
....Last year the Oxford Dictionaries website added the Mx honorific, defining it as "a title used before a person's surname or full name by those who wish to avoid specifying their gender or by those who prefer not to identify themselves as male or female". In September music streaming service Spotify began allowing users in the UK, US and Australia to choose "non-binary" rather than male or female. ...
Last call: What's happened to London's nightlife? image
Source : BBC [Read Article] Friday 7th of October 2016 10:29:10 AM
.... . Low disposable income plus social media, Netflix and music streaming websites have all made it difficult to get millennials - people born after 1981 - out of the house. ...
Spotify 'in talks to take over Soundcloud' image
Source : BBC [Read Article] Thursday 29th of September 2016 01:33:28 AM
....The platform offers music over the internet for nothing, with advertisements or ad-free for a fixed monthly rate. Apple launched its own music streaming service in 2015, while there are many smaller companies such as Rhapsody, Tidal or Deezer offering a similar service. ...
YouTube ordered to pay more for music by Europe image
Source : BBC [Read Article] Wednesday 14th of September 2016 10:32:27 AM
....YouTube, which carries videos as well as audio-only content, makes money by selling advertising and then divides profits among rights owners. Its business model differs from music streaming sites such as Spotify and Apple Music, which pay record companies a small sum each time a song is played. ...
Amazon moves into takeaway food delivery image
Source : Guardian [Read Article] Wednesday 7th of September 2016 11:04:21 AM
....The Amazon Restaurants service is only available to customers of Amazon’s Prime service, which costs £7. 99 a month or £79 a year, and offers unlimited one-day delivery, free music streaming and other services. ...
Spotify revenues surge 80% to more than £1.5bn image
Source : Guardian [Read Article] Tuesday 24th of May 2016 12:18:29 PM
Vinyl sales bigger than YouTube for British artists image
Source : Guardian [Read Article] Thursday 19th of May 2016 11:01:24 PM
....“Today, revenue from Content ID represents 50% of what we pay out annually. In fact, ad-supported music streaming enables revenue from an audience that has never before paid for music. ...
Radiohead's corporate empire: inside the band's dollars and cents image
Source : Guardian [Read Article] Friday 29th of April 2016 03:42:42 PM
....E Products Ltd to produce and sell merchandise such as an ever-expanding range of T-shirts. That may not sound much, but back in the 1990s it was the rock equivalent of Jay Z setting up his own music streaming service. ...
Music streaming service boss departs image
Source : BBC [Read Article] Monday 28th of March 2016 05:50:15 PM
. Shares in Pandora have fallen more than 10% after the US music streaming service said chief executive Brian McAndrews had left the company. ...
.... publisher Valve, are now the main way PC games are sold, though physical discs still dominate for consoles. Previous years have seen the ONS add downloads from mobile phone app stores and music streaming services. ...
Coffee pods enter inflation basket image
Source : BBC [Read Article] Tuesday 15th of March 2016 10:15:27 AM
....The price of getting into a nightclub has also been removed from the list, as the number of clubs is declining, the ONS said. New entries last year included e-cigarettes, music streaming subscriptions, and craft beer. ...
Music label Island Records to launch its own IPA image
Source : Daily Express [Read Article] Sunday 21st of February 2016 12:01:00 AM
....Island Records says that the beer is best served with music and people drinking the IPA out of cans will be able to access three specially compiled playlists of the label’s biggest hits. To play the songs, users can scan their beer cans with their smartphones, which will launch the Spotify music streaming service. ...
I'll continue to be an investor in Google and Amazon - if they do no evil image
Source : Telegraph [Read Article] Saturday 6th of February 2016 09:26:15 AM
.... I’m a big fan of Amazon. I pay £79 a year for Amazon Prime, which includes not only one-day delivery but music streaming and some watchable TV shows on Amazon Video. ...
Apple set to report flatlining iPhone sales image
Source : Telegraph [Read Article] Monday 25th of January 2016 07:29:46 PM
.... . Apple has launched a number of new products in the last year, including the Apple Watch, its music streaming service Apple Music, and a revamped Apple TV set-top box, but the dominance of the iPhone means that sales of the new products pale in comparison. ...
Can songwriters survive in the age of music streaming? image
Source : BBC [Read Article] Friday 20th of November 2015 12:00:54 AM
....5 million paying subscribers?. There is also disquiet about SoundCloud, a German music streaming platform. ...
Spotify to offer staff six months' parental leave on full pay image
Source : Guardian [Read Article] Thursday 19th of November 2015 07:46:58 PM
....Spotify is to offer staff up to six months’ parental leave with 100% pay as part of a global policy it says recognises the importance of “a healthy work-family balance”. The Swedish company, which launched its music streaming service in 2008 and now has 75 million users, will backdate the policy so that every one of its 1,600 worldwide employees with a child born after 1 January 2013 will be eligible. ...
Amazon Prime Same Day delivery: is it available in my area? image
Source : Telegraph [Read Article] Wednesday 18th of November 2015 01:30:07 PM
.... . Amazon Prime is the company’s subscription model, which combines free next-day order delivery with its video and music streaming platforms, Kindle e-book lending library, unlimited online photo storage and early access to certain flash deals. ...
How to sell movies in the land of piracy image
Source : BBC [Read Article] Wednesday 18th of November 2015 08:43:29 AM
....For commentator Sergio Branco, director at the academic think tank Instituto de Tecnologia e Sociedade do Rio de Janeiro, Netflix's low prices is a key factor behind its success, making it more attractive to users than online piracy. He also praises the firm's subscription-based model, which is mirrored at music streaming service Spotify, and online book provider Oyster Books. ...
Amazon launches grocery delivery service Pantry in the UK image
Source : Telegraph [Read Article] Friday 13th of November 2015 02:47:01 PM
.... . Amazon Pantry is exclusive to customers of Amazon Prime, the company’s subscription model combining free next-day order delivery with its video and music streaming platforms, Kindle e-book lending library, unlimited online photo storage and early access to certain flash deals. ...
Tinder owner hoping $3.1bn float will woo investors image
Source : Guardian [Read Article] Monday 9th of November 2015 05:58:34 PM
....Last week the $3bn flotation of the food delivery business Hello Fresh was postponed in Frankfurt, with the group citing uncertain market conditions. At the end of last month the same fate befell the intended flotation in France of the loss-making music streaming service Deezer. ...
Pandora to pay record labels $90m in lawsuit over streaming pre-1972 music image
.... The RIAA argued that states including California and New York recognize the copyrights of older recordings and that Pandora was in violation of those copyrights. Brian McAndrews, Pandora’s CEO, said that the music streaming site was “excited to have found a resolution” with the record labels that filed their suit in April 2014. ...
Britons shop as if they're on holiday – little and often image
Source : Guardian [Read Article] Wednesday 21st of October 2015 05:00:05 AM
....In its annual barometer of consumer shopping and spending, the food retailer Waitrose found that three in 10 people now visit a supermarket three to four times a week, up from a quarter five years ago. But the “open all hours” culture on the UK high street and freedom to shop in different ways also means that consumers admit to being daunted by choice, whether for informal dining, music streaming or TV on demand. ...
Apple's Tim Cook tells the car industry to expect 'massive change' image
Source : Telegraph [Read Article] Tuesday 20th of October 2015 08:23:55 AM
.... . Separately, Cook said that the company's music streaming service Apple Music has 6. ...
New music gadget set to bring streaming into the mainstream image
Source : Daily Express [Read Article] Sunday 18th of October 2015 02:36:00 PM
.... After 12 months, users can either pay £60 to keep using its services or downgrade to a limited, free version that features advertising breaks. The firm believes the Electric Jukebox could turn music streaming into a mainstream product. ...
HMV revival continues with global plans image
Source : Guardian [Read Article] Sunday 4th of October 2015 06:13:52 PM
....HMV has benefited from a revival in vinyl, with sales rocketing. Despite the popularity of music streaming services, the number of shops selling CDs and vinyl albums in the UK hit a record high of 10,391 last year, according to an industry report. ...
UK social music start-up Crowdmix secures coup in hiring Universal Music veteran Rob Wells image
.... . Mr Wells, in 15 years at the world’s biggest record label, pioneered bringing its music into the digital age by promoting the use of music streaming services like Spotify, joins as Crowdmix prepares to launch its service to the public next year. ...
No, vinyl sales have not overtaken music streaming revenues image
Source : Telegraph [Read Article] Wednesday 30th of September 2015 12:28:57 PM
. Is the hipster revolution really strong enough to have catapulted sales of vinyl records ahead of revenues from music streaming services such as Spotify? . ...
City news: CarefreeCredit, Teespring, Xeros and Marketinvoice image
Source : Daily Express [Read Article] Sunday 20th of September 2015 12:00:00 AM
.... It is a big challenge, I cannot say we will do it for certain, but that is the target. ” Last month the firm raised £6million from Nordic venture capital company Northzone, which also backed music streaming service Spotify, and Paul Forster, the co-founder of Indeed. ...
Another dimension for former Apple exec Ian Rogers at LVMH image
Source : Telegraph [Read Article] Tuesday 1st of September 2015 02:50:46 PM
.... . In 2013 he joined rapper Dr Dre's headphones and music streaming service Beats Music, which was bought by Apple for $3bn in May last year. ...
Amazon's Jeff Bezos: With Jeremy Clarkson, we're entering a new golden age of television image
.... . Prime is its membership club: in exchange for an annual fee customers get access to the most up-to-date services Amazon has to offer – from one hour delivery in certain cities to original programmes such as Ripper Street, rescued after being dropped by the BBC, and music streaming and Kindle book borrowing. ...
Unlimited leave and $70,000 salaries? We should prepare for the next tech crash image
.... With venture capital money being sprayed around, and with companies such as Apple sitting on more cash than most small nations, any popular idea immediately attracts a swarm of imitators. How many music streaming services do we need to compete with the fabulously successful Spotify, for example? Not as many as have been expensively launched, that is for sure. ...
David Byrne: Record companies siphoning money from streaming websites instead of paying royalties image
.... “It is nearly impossible for artists to control if their royalty payments are correct. They have to trust in the music streaming services and record labels reporting. ...
Source : Independent [Read Article] Wednesday 29th of July 2015 12:45:59 AM
.... . In fact Amazon’s music streaming service was looking a bit threadbare at its UK launch. ...
As Amazon moves into streaming, what difference does it make? image
Source : Independent [Read Article] Wednesday 29th of July 2015 12:39:34 AM
. The whole of the retail and entertainment sectors must be wondering who Jeff Bezos will come for next, as Amazon moved in on the booming UK market in music streaming. ...
Amazon UK launch Prime Music streaming service to rival Spotify and TIDAL image
Source : Independent [Read Article] Tuesday 28th of July 2015 08:17:04 AM
. British acts including George Ezra, Ella Henderson and Mark Ronson, are to be at the forefront of an attempt by Amazon to challenge Spotify and Deezer by taking a major stake in the UK’s booming market for music streaming. ...
Amazon Prime Music takes on Spotify and Apple Music in the UK image
Source : Telegraph [Read Article] Tuesday 28th of July 2015 08:01:52 AM
. Amazon has launched its music streaming service, Prime Music, in the UK, offering Amazon Prime members access to over a million songs and hundreds of playlists at no additional cost to their membership. ...
Amazon launches music streaming in UK image
Source : BBC [Read Article] Tuesday 28th of July 2015 08:01:41 AM
.... . "Consuming music is evolving and we want to maintain pace with that evolution," Paul Firth, head of music for Amazon UK, told the BBC - adding that they wanted to take music streaming "to the masses". ...
Starbucks hails 'record' sales image
Source : BBC [Read Article] Thursday 23rd of July 2015 10:33:54 PM
....It said its loyalty programme had helped to drive its strong performance. The chain has worked with other firms such as ride-sharing service Lyft and music streaming firm Spotify. ...
Harris + Hoole founders to quit Tesco-backed coffee chain after three years image
....The supermarket chain is in the process of selling off Dunnhumby, the company behind the Tesco Clubcard, and is reviewing the sale of its Korean chain Homeplus, thought to be worth £4bn. Tesco has already offloaded its Blinkbox film and music streaming businesses. ...
Grooveshark creator, 28, found dead image
Source : BBC [Read Article] Monday 20th of July 2015 09:06:30 PM
. The co-founder of a recently-shut down music streaming website has been found dead in his Florida home, local police have said. ...
Starbucks to launch mobile ordering as part of £30m technology drive image
Source : Telegraph [Read Article] Sunday 19th of July 2015 07:15:34 PM
.... Starbucks is installing charging mats in the furniture in its stores . The last step of the technology drive is a new agreement with music streaming service Spotify which will run a jukebox function in stores as well as using people to use their Starbucks loyalty points on the service. ...
Alibaba exec in corruption probe image
Source : BBC [Read Article] Friday 10th of July 2015 05:15:31 AM
....Tencent is behind China's popular messaging app, WeChat. It also owns China's largest music streaming service by subscribers and its online gaming business has been compared to that of Nintendo's and Sony's gaming units. ...
Spotify: will it be able to keep its users off Apple Music? image
Source : Telegraph [Read Article] Thursday 9th of July 2015 03:56:50 PM
.... So far, Spotify has been better than Apple at converting its users to paying customers. Almost a third, or 31pc, of Spotify users have paid for a music streaming service in the last month, compared to 22pc of iTunes users, according to data from the market research firm Global Web Index (GWI). ...
Apple's revenge of the nerds is brutal and will leave us all poorer image
Source : Independent [Read Article] Saturday 27th of June 2015 01:10:26 AM
Linkin Park have launched a venture capital brand, but can such a company ever be rock n' roll? image
....Explaining the band’s venture capital foray, Mr Berry said that all musicians were being forced to “completely rethink the way they approach their businesses” when faced with declining album and single sales and the rise of online streaming services such as Spotify. The issue cropped up earlier this week, when Apple backtracked on plans not to pay royalties to artists during a three-month free trial of its new music streaming service. ...
Boss of Jay Z's streaming site leaves image
Source : BBC [Read Article] Tuesday 23rd of June 2015 02:35:57 PM
. Peter Tonstad, the boss of the Jay Z's music streaming service Tidal, has left the company after just three months in the job. ...
Taylor Swift hits out at 'shocking and dissapointing' Apple Music image
Source : Telegraph [Read Article] Sunday 21st of June 2015 03:30:37 PM
. US pop star Taylor Swift has continued her campaign against music streaming services, joining a number of independent labels in hitting out at Apple's new Apple Music venture . ...
Google eyes British partnership to buy firm behind Tesco's Clubcard image
Source : Guardian [Read Article] Thursday 18th of June 2015 07:57:37 PM
....4bn annual loss last year – the biggest ever recorded by a British retailer – amid a supermarket price war prompted by the rise of discounter supermarkets, such as Aldi and Lidl. The retailer is also weighing up a sale of its Korean chain Homeplus, thought to be worth £4bn, and has already offloaded its Blinkbox film and music streaming businesses. ...
Sonos CEO: 'We would embrace Apple Music' image
Source : Telegraph [Read Article] Sunday 14th of June 2015 09:45:44 PM
.... . One company that has been at the forefront of music streaming for the past 10 years is Sonos, the privately-held American firm best known for its multi-room speaker systems that allow users to stream digital audio to any room in their house over a Wi-Fi network. ...
Spotify valued at $8.53bn valuation after fresh funding round image
Source : Telegraph [Read Article] Wednesday 10th of June 2015 07:52:10 AM
....53bn (£5. 53bn) just days after Apple launched its hotly-anticipated rival to the music streaming service. ...
Apple Music talks investigated for potential anti-competitive behaviour image
Source : Guardian [Read Article] Wednesday 10th of June 2015 07:44:15 AM
....The investigation came to light when the New York attorney general released a letter from Universal Music Group which said that it had no agreements with Apple or companies such as Sony Music and Warner Music that would impede the availability of free or ad-supported services, or prevent it from licensing its recorded music to any streaming service. Universal Music also said it offers limited exclusive content to some music streaming services where such exclusivity is not part of an agreement to restrict competition. ...
Most Apple Pay payments 'capped' image
Source : BBC [Read Article] Tuesday 9th of June 2015 11:40:02 AM
....A rival service from phone operator Samsung is likely to launch in the UK later this year. Read more about Apple Pay and the company's new music streaming service. ...
Apple launches star-studded streaming service Apple Music image
Source : Telegraph [Read Article] Monday 8th of June 2015 07:46:15 PM
. Apple has teamed up with rap superstars Drake and Pharrell to launch a music streaming service designed to compete with Spotify at its annual developers conference in San Francisco. ...
Apple unveils streaming service Apple Music and 24-hour radio stations image
.... They will also be able to post from Connect to Facebook, Twitter and their own websites, as Apple bids to become the hub for their online activity. “Apple comes late to the music streaming business, due in part to Steve Jobs’ refusal to believe that music subscription services would ever work,” said Forrester analyst James McQuivey. ...
Apple reveals its Spotify rival image
Source : BBC [Read Article] Monday 8th of June 2015 06:26:28 PM
....Recommended playlists will be crafted by "music experts" to ensure the songs fit together, but algorithms will be used to direct users to different ones based on their listening histories and favourite artists. "Apple is arriving late to the music streaming business, due in part to Steve Jobs' refusal to believe that music subscription services would ever work," said James McQuivey from the Forrester consultancy. ...
Tim Cook promises WWDC 2015 will not feature all-male list of keynote speakers image
.... . Apple is already expected to unveil its iOS 9 operating system and the Mac OS X 11 operating system, while many are hoping the company will reveal a potential new music streaming service. ...
WWDC preview: Apple's music streaming service to be announced image
Source : Telegraph [Read Article] Sunday 7th of June 2015 07:00:24 PM
.... Ever since Apple paid $3bn (£1. 8bn) for Beats Electronics and online music streaming service Beats Music last May, music lovers, the Apple faithful and analysts alike have been waiting to witness the fruits of a partnership between the two American mega-brands. ...
One Direction and Ed Sheeran lead UK acts' global album charge image
Source : Guardian [Read Article] Wednesday 3rd of June 2015 11:01:06 PM
....8% in 2013. The huge popularity of music streaming shows no sign of slowing, with the BPI estimating that a quarter of adults used a service such Spotify, Deezer, Google Play and Rdio last year. ...
Amazon 'to launch range of own-brand food' image
Source : Telegraph [Read Article] Thursday 28th of May 2015 11:47:22 PM
.... . A Prime subscription now gives members unlimited video and music streaming as Amazon takes on powerful media groups like Netflix and Spotify. ...
Direct way to lose cash image
Source : Daily Express [Read Article] Sunday 17th of May 2015 05:09:00 PM
....The danger is that paying by direct debit is so easy that many people forget the cash is coming out of their account every month. The rise of TV and music streaming services such as Netflix and Spotify mean that more than ever people are losing out. ...
Tencent's profits beat expectations image
Source : BBC [Read Article] Wednesday 13th of May 2015 10:27:42 AM
.... . Founded 17 years ago, Tencent also owns China's largest music streaming service by subscriber numbers and analysts have said its online gaming business can be compared to that of Nintendo's and Sony's gaming units. ...
Tesco Mobile readies for sell-off to cut £22bn debt image
Source : Guardian [Read Article] Friday 8th of May 2015 05:55:14 PM
....4bn statutory loss, before tax, in the year to 28 February and underlying profits, which exclude one-off items such as property writedowns, now sit at just £961m. The company has already sold off its fleet of corporate jets and a music streaming service to Guvera. ...
Ericsson takes Apple fight over iPhone and iPads to Europe image
Source : Guardian [Read Article] Friday 8th of May 2015 01:54:44 PM
....Apple declined to comment. • Why are Apple’s music streaming plans arousing the interest of regulators?. ...
Len Blavatnik, 'shrewd investor willing to take bets', tops Sunday Times rich list image
....The billionaire investor was born in Odessa, Ukraine, and the yacht he uses for lavish parties at the Cannes film festival is named after the city of his birth. Blavatnik is best known as the owner of the Warner Music Group, whose artists include Coldplay, and his holdings in online music streaming services including Spotify. ...
Is Spotify worth more than the entire music industry? image
Source : Independent [Read Article] Wednesday 22nd of April 2015 12:52:04 PM
. The music streaming debate has been overrun by talk of Jay-Z’s celebrity-endorsed app Tidal, which has already crashed out of the top 700 US apps. ...

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