The music world and business community are abuzz with news that Spotify is set to go public on the New York Stock Exchange. Spotify is one of the largest music streaming services with 60 million paid subscribers and over 140 million active users as of …
Category archives: music streaming
Why I Still Buy Music in the Age of Spotify
Whenever anyone walks into my house, they generally notice one thing: the huge record collection that takes up an entire wall. I’ve been collecting for around ten years now, and it shows. Not only on my shelves—on my bank account. According to …
Spotify Slapped With a $1.6 Billion Nightmare Lawsuit — Months Before Its IPO
Spotify’s biggest legal headache now has a price tag: $1.6 billion. Updated (Wed Jan 3): Spotify has confidentially filed for its direct Wall Street/NYSE listing with the SEC, according to details published by Axios. The filing was also subseque…
Here’s an Artist Who Says He’s Making a Living Off of Spotify
A musician asked people on Twitter if anyone had actually earned money from Spotify. The answers may surprise you. Musicians, including Taylor Swift, have long slammed Spotify for its low royalty payments. According to multiple studies, they may have…
Has Spotify Just Suffered A Massive Data Breach?
If true, how many Spotify accounts did hackers actually manage to steal and post online? According to a recent post on Reddit, hackers may have leaked thousands of Spotify usernames and passwords online. Reddit user Keoft first posted about the possibl…
After Squandering $180 Million, Guvera CEO Plans To Launch New Music Business
Former Guvera CEO Darren Herft fooled investors once. Will he do so again? Two years ago, Australian-based streaming music startup Guvera managed to raise $100 million from wealthy families. CEO and co-founder Darren Herft promised that it represented…
YouTube Remix Scores Licensing Deals With Major Labels
With YouTube Remix, parent company Alphabet is one step closer to launching yet-another paid streaming music service. Last week, Digital Music News wrote on YouTube’s upcoming paid streaming music platform. According to “people familiar with the matte…
Another Spotify Executive Is Leaving Under Suspicious Circumstances, Sources Say
On the heels of a strange Spotify departure in London, there’s an unexpected exit rumored in New York. Earlier this year, we reported on a serious shake-up within Spotify’s Board of Directors. Company stalwarts like Sean Parker and Klaus H…
Apple Music Faces Class Action Lawsuit for Not Paying Artists
An indie musician claims that Apple Music has streamed his music and failed to pay any royalties. Yesterday, independent musician Bryan Eich filed a class-action lawsuit against Apple Music. Eich claims that the company failed to obtain compulsory lic…
Spotify Paying $1.37 Million a Month In Rent for Its New Stockholm Offices
Spotify continues its pattern of lavish spending, worrying investors ahead of their IPO. According to a new report, Spotify has just moved into its new headquarters. The office is located at Urban Escape, a recently-restored city block in central Stoc…