UMG continues to grow its presence in Africa, this time with a major deal. Universal Music Group (UMG) has made a strong play in the African market. Earlier today, the global music company unveiled a new licensing deal with Boomplay, a major streaming …
Category archives: music streaming
Spotify Unveils $1 Billion Stock Repurchase Program
Will the company’s new repurchase program inspire confidence in weary investors? Spotify hasn’t done so hot lately. In its second fiscal quarterly report for 2018, the streaming music giant reported spiraling losses totaling $583 million. Then, thanks …
Looks Like Spotify Is Testing Out an App for Apple Watch
Apple Watch fans have been pining for an official Spotify app for the device for a few years now, but to no avail. Now, it looks like Spotify is testing an Apple Watch app in the latest TestFlight build. It includes an Apple Watch app that has a few l…
Apple Is Exploring a Sizable Equity Investment in Bankrupted iHeartMedia
With an investment in iHeartMedia, Apple could finally catapult its Beats Radio offering into the mainstream. Let’s see how this plays out. According to a new report, Apple wants a slice of the iHeartRadio pie. Sources speaking with the Financial Time…
Spotify’s Mixed Q3 2018 — Finally, a Profit?
With substantially lower losses, have Spotify’s fortunes turned around? Not quite. Spotify hasn’t had a good couple of months. Financially speaking, at least. Ahead of its Q3 2018, the company’s battered stock continues to reach record lows. On Tues…
To Attract Subscribers, Spotify Gives Away a Google Home Mini
Spotify offers Premium for Family users a ‘gift’ to forget about a possible forced GPS verification feature. Last month, Spotify scared a substantial amount of its Premium for Family into signing up for an individual account. With losses mounting and A…
Spotify’s Stock Hits an All-Time Low In Monday Trading — Now for the Bad News
Shares of Spotify (SPOT) slumped to a record low of $139.11 in Monday trading, with downward pressure in after-market trading. But will this get worse after Thursday’s financial results? With Monday’s $139.11 buzzer, Spotify Technology SA has now shed…
Twitter, YouTube, Tidal, LiveXLive & Facebook to Livestream the Mac Miller Tribute Concert
A benefit concert celebrating the life of late rapper Mac Miller will be streamed across several leading platforms. The Celebration of Life concert was announced by Miller’s family earlier today. The event will take place in Los Angeles on October 31s…
Following Major Criticism, SoundCloud Drops Forced ‘Don’t Sue’ Clause for Artists
On the defensive, SoundCloud now takes back what could’ve hurt artists. Yet, several unanswered questions remain. Earlier this month, SoundCloud launched what at first glance appeared a promising initiative. The monetization program – dubbed SoundClou…
Introducing the Waze Audio Player, featuring Spotify, Pandora, Deezer + Podcasts
Looks like Waze is leveraging its commanding position on smartphone decks. For those slogging through the modern-day travesty of superhighway gridlock, Waze has become an indispensable weapon. Now, the company is looking to leverage its considerable p…