In this article, Oisin Lunny shares a dire warning from Scott Cohen, the enigmatic music tech pioneer affiliated with company’s like, Spotify, The Orchard, and the British Phonographic Industry. In a recent keynote presentation, Cohen warned a massive industry sea change would likely soon reshape the music business entirely. _________________________________…
Category archives: Music Tech
This Infographic Tells Story Of Spotify’s Strong Q4
Even as news was breaking that Spotify had acquired major podcasters Gimlet Media and Anchor to further its mission as an "audio-first" company, the streamer also reported a solid Q4 2018 with both strong user growth and its first ever quarterly operating profit. Just in case you’re no interested in…
Spotify Reports 207M Users, 97M Paid, Strong Q4 Financials
[UPDATE 2] Spotify announced that it now had 207 million active monthly users, as part of a quarterly financial report released on Wednesday morning. Spotify outperformed analysts financial expectations, notching its first every quarterly operating profit. User growth came primarily as a result of improved retention relative to forecast. Latin…
Spotify Acquires Podcasters Gimlet, Anchor To Create ‘Audio-First’ Streaming Service
Spotify has acquired two giants in podcasting, Gimlet Media and Anchor. "Gimlet and Anchor will position us to become the leading platform for podcast creators around the world and the leading producer of podcasts," Spotify CEO Daniel Ek said in a statement. Gimlet is a major podcast content creator whose…
WED. BRIEF: Spotify Acquires Podcasters, Reports Strong Q4 • UMG, Sony Face Class Action Suit • Raised In Space • More
WEDNESDAY 2.6.19
Music Business News From Around The Web
Updated continuously under the More News tab
Paid Streaming Will Surpass Free This Year [Survey]
Spotify, Apple Music, Amazon and other paid music streaming services hare doing a better job of converting free users to paid, according to new figures from the Entertainment Retailers Association (ERA). “Streaming has made it fashionable to pay for music again.” Already more males pay to stream music – 24.3%…
3 Reasons It Pays To Be Selfish About Your Time
While there may be an established mentality in the music industry that, in order to be successful, you must constantly be giving it your all, there is in fact a compelling case to be made for being a little more selfish with your time and energy rather than focusing on…
Spotify Reports Earnings Tomorrow, Analysts Predict Solid Q4
Spotify will report its quarterly earnings before the opening bell on Wednesday. A survey of analysts by Consumer Research Intelligence Partners hints at a solid Q4. Spotify stock closed up 1% Monday and 2.4% in pre market trading Tuesday on news that the streamer was in talks to acquire podcaster…
Harvey Goldsmith’s Edge Invests $4.5M In Festicket
Festicket has added a $4.5 million investment from music industry veteran Harvey Goldsmith led Edge Investments. UK based Festickets serves as a music festival discovery and booking platform, including accommodations and VIP experiences. The Edge investment comes as an extension of a late 2018 Series D that raised $10.5 million….
TUE. BRIEF: HMV Sold • Festicket Adds $4.6M • Paid Streams To Overtake Free • Spotify Promotes Huxley • More
TUESDAY 2.5.19
Music Business News From Around The Web
Updated continuously under the More News tab