Indian conglomerate and telecom giant Reliance is merging its digital music service JioMusic with rival Saavn music, which it is acquiring for $104 million in cash and stock.The combined companies will be worth an estimated $1 billion. When Saavn is combined with Jiomusic, which has about 16 million songs under…
Category archives: Startups & Funding
Playlist Sharing Startup Cymbal Joins Deadpool
Music tech startup Cymbal is shutting down. Cymbal, which offered an app that enabled users to create playlists and share them, emailed users that it would be stopping service on June 1st. Founded in 2015, Cymbal took in just $250,000 in seed funding, but it was unclear from launch how…
Pandora Buys AdWizz Platform Used By Spotify, Deezer
Pandora is ramping up its digital advertising push with the acquisition of digital audio ad platform AdsWizz. The addition will upgrade Pandora’s ad tech capabilities, providing its advertisers with greater audience reach, and expand the company’s revenue opportunities. Spotify, Deezer and TuneIn are all currently AdsWizz clients. The transaction, which…
Spotify CEO Daniel Ek Could Net $2B In Stock Sale
Daniel Ek, the CEO and co-founder of Spotify could to sell 15.8 million shares of the company worth as much a $2 billion in its direct listing, when the company goes public on April 3. Ek’s potential windfall was disclosed in a filing on Tuesday. Spotify is valued at about…
Spotify Cuts Off Playlist Payola Service SpotLister
In a move that many see as long overdue, Spotify has effectively shut down pay-for-playlist slot site SpotLister. But more than a dozen similar pay for play services continue to operate. _______________________________________ Spotify disconnected SpotLister from its API last week, effectively shutting down the pay-for-playlist add marketplace. SpotLister offered users…
Spotify Promotes Freemium, Ubiquity, Personalization, April 3 Stock Debut
Spotify announced April 3rd as the day its stock would begin public trading during a live and webcast presentation to investors Thursday. Promising more transparency and opportunities for artists. CEO and founder Daniel Ek shared his vision of Spotify’s future and why investors would want to bet on an unprofitable…
Kelly Nicole Foundation Is Changing The World Through Music
After hard rock musician Kelly Nicole passed away in 2015 following a fight with cancer, her wife Theresa Holl created the Kelly Nicole foundation to support trauma survivors and those with eating disorders. Here Holl said down to discuss the foundation and it’s incredible accomplishments. _______________________________ Guest post by Jeanette…
Spotify Public Stock Debut Set For Week Of April 2
Spotify will make its stock available to the public just 3 weeks from now during the week of April 2nd, according to multiple sources. The music streamer has an investors day scheduled for this Thursday March 15th to continue its pitch to investors prior to its rare and risky direct…
Why Musicians Need To Care About Making Money
In the music industry, there is a false, recurring idea that music can and should be separate from money, and that once an artist starts to see financial returns from their music, it looses its purity. Here we explore why artists should care about making money off of their music….
Clickamix Launches Pre-cleared Music Platform For Sports
[UPDATED] Clickamix believes that unlicensed use of music in sports is a $670 million untapped revenue stream. As a solution, the startup has launch the first pre-cleared music licensing platform for sports that also allows music mixes in competitions. The average sports mix contains 4-8 pieces tracks and the music…