Universal Music Group has become the first major label to licence popular African music download and streaming service Boomplay. The service, boasts 36 million users in multiple African markets and is adding 2 million users monthly. Before the UMG, Boomplay offered more than two million mostly regional songs and thousands…
Category archives: streaming
How I Got On Official Spotify Playlists As An Unknown Independent Musician
In this piece, independent artist Braden Lam of Halifax NS recounts how he was able to land himself on official Spotify playlists using only smart marketing, Show.co, and no money. _____________________________ By Braden Lam from CD Baby’s DIY Musician blog I am an independent songwriter from Halifax, NS and the…
Spotify [NYSE:SPOT] Announces $1 Billion Stock Buy Back
[UPDATED] Spotify Technology S.A. (NYSE:SPOT) announced that it will begin a $1 billion stock repurchase. Repurchases of up to 10,000,000 in Spotify ‘ordinary shares’ have been authorized by shareholders and the Board of Directors up to a total cost of $1 billion. After the announcement, Spotify stock rose 2.6% in…
Can Spotify Ever Meet Stock Market Expectations?
Spotify stock his an all time low Thursday, despite a solid Q3 report. The drop came after the streamer was honest about its long term plan to put growth over profits. "Spotify is building its business at a decent rate that meets/exceeds music industry expectations, but not investor expectations," writes…
Will Streaming Music’s Growth Alter Streaming Music?
[UPDATED] It wasn’t that long ago that the music industry was experiencing its worst slump ever, with streaming seen as a dubious alternative to physical sales. Fast-forward and streaming revenue accounts for 75% of label income. But how will this growth change the medium of streaming itself? ______________________________ Guest post…
Getting Playlisted On Spotify Just Got Easier
Landing on the right Spotify playlist can be career altering, exposing millions of new listeners to your music; and while placements had been reserved for artists signed to major labels, the streamer recently made the process more egalitarian. ___________________________ Guest post by Bobby Owsinski of Music 3.0 Getting a placement…
Spotify Stock Hits All Time Low After Earnings Call
Spotify stock closed at $141.70, down 5.7% on Thursday, after the streamer said that it would continue to sacrifice profit margins to generate growth. The stock downturn came despite a nearly profitable quarter and represents a 30% drop from its IPO day close. “Operating margin improvement in Q3 was largely…
Apple Reportedly In Talks To Invest In iHeartMedia
Apple is considering an investment in iHeartMedia, according reports. One source suggests that the tie-in could be more of a major marketing partnership than traditional investment. The discussions between the two companies are reportedly still in the preliminary stages. A Very Different Approach Than Spotify Apple promoting Apple Music or…
Is Spotify Negotiating To Invest In Universal Music?
Spotify CEO Daniel Ek refused to comment "on deal negotiations," when asked if the streamer was considering an investment in Universal Music Group. UMG corporate parent Vivendi is openly exploring investments in exchange for up to 50% of the world’s largest music group. During the earnings call Q&A Thursday morning,…
Spotify, Google Partner For Free Smart Speakers with Premium Family Plan
Spotify has partnering with Google Home to give U.S. subscribers with Premium for Family plans a free Google Home Mini smart speaker. The offer, valued at $49, is good for all subscribers through the end of the year. Spotify Premium for Family subscribers recieve Spotify accounts for up to six…