Tag archives: Spotify

Spotify Raises $1 Billion In Debt Financing

According to the Wall Street Journal, Spotify has just raised $1 billion in convertible debt financing. The funding round was led by private equity firm TPG, hedge fund Dragoneer Investment Group and Goldman Sachs.  TPG and Dragoneer will reportedly buy $750 million of the debt, and Goldman Sachs will purchase the remaining $250 million. Most […]

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Spotify ready for streaming showdown as it raises $1bn in convertible debt

Expect some big spending from Daniel Ek in the coming monthsThe post Spotify ready for streaming showdown as it raises $1bn in convertible debt appeared first on Music Business Worldwide.

Spotify Officially Hits 30 Million Paying Subscribers

Today, Spotify CEO Daniel Ek officially announced that the streaming service has hit the 30 million paying subscribers. The announcement offers critical validation for Spotify, and a major counterargument against a torrent of artist complaints and frustrations.   A number of high-profile artists continue to exclude their music from the service, while oftentimes making songs exclusive to other streaming […]

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Reasons Why Some Artists Absolutely Hate Spotify…

Artists believe that Spotify completely destroys album sales. Artists will generally make more money from selling an album, physically or digitally, than they will from streaming their music. Artists’ songs have to rack up about million streams on the service to actually make them proper money.  A per-stream play in Spotify pays between $0.00121 and $0.00653, […]

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Jay Z’s Blueprint Albums Yanked from Spotify, Apple Music, Amazon, Deezer…

In a bid to boost subscriber numbers at Tidal, Jay Z has quietly swiped his Blueprint albums from competing music streaming sites.  These coveted releases are now Tidal exclusives.  Anyone surprised? As first unearthed by Pitchfork, the legendary albums have now disappeared from Apple Music, iTunes, Spotify, Deezer, Rhapsody, and Amazon’s digital music store.  It soon became […]

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