Tencent Music Entertainment Group, China’s most popular music streamer, now hopes to raise about $2 billion in a U.S. IPO, down from an original ask of $4 billion. The music subsidiary of Chinese tech giant Tencent Holdings filed confidentially with the U.S. SEC earlier this month, three people with knowledge…
Tag archives: Spotify
Spotify Faces Lawsuit Claiming Gender Discrimination, Equal Pay Violation
Former sales exec accuses management of orchestrating “boys’ trips,” attending strip clubs and defamation
Americans Listen to 151 Minutes of Music Each Day
So, just how much music do you really listen to? And, how do you spend your music listening time? In Audio Monitor US 2018, a joint study on music habits in the US, Music Biz and AudienceNet have found most Americans still listen to more music on the …
Spotify Set to Launch in the Middle East and North Africa This November
Spotify moves forward with its plan to go international and hopefully turn a profit in the process. But, does this mean major labels and publishers have already fallen in line? According to a leaked internal e-mail, Spotify will launch in the Middle E…
Spotify To Launch In Middle East, North Africa
Spotify will launch across the Middle East and North Africa this upcoming November. According to a leaked internal email, the streaming service, which joins rivals Anghami, Deezer and Apple Music who are already operating in these markets, will be headquartered in Dubai. Also according to the email, Spotify is currently…
Spotify set to launch in the Middle East and North Africa in November
Streaming company is currently seeking advertisers in fast-growing markets
The post Spotify set to launch in the Middle East and North Africa in November appeared first on Music Business Worldwide.
50% Active Spotify Free Users Convert To Paid says Spotify CFO Barry McCarthy
Half the users of Spotify’s free ad supported tier convert to Premium paid users, if they stay engaged, Barry McCarthy, Spotify Chief Financial Officer said in an interview at the Goldman Sachs 27th Annual Communacopia Conference Friday. __________________________ "1 out 2" users that try Spotify’s free music service eventually convert…
Spotify Marketing Head Seth Farbman Is 9th Top Executive To Exit In Last 18 Months
Spotify Chief Marketing Officer Seth Farbman is leaving the streamer after 3 and a half years. He joins a growing list of 9 top executives who have left Spotify over the past 18 months. These 9 executives have departed Spotify in the last year and a half: Global Head of…
Spotify, Nielsen Deal May Mean More Money For Artists
One of the most valuable types of data for artists and labels is demographic information on exactly who is listening to their music. This is why a new deal being struck between Spotify and Nielsen Research could have implications for not just advertisers, but also artists. _____________________________ Guest post by…
FRI. BRIEF: Braun vs Carter In $10M Lawsuit • Another Spotify Exec Exits • Amazon ‘Produced By’ • NumberEight • More
FRIDAY 9.14.18
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