Music Streaming – Page 2

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Spotify files for an IPO on the NYSE

sudshr47 February 28, 2018

Soon, you too can own a part of Spotify.

The music streaming service has filed for its initial public offering, seeking $1 billion for its start on the New York Stock Exchange. The ticker will be $SPOT, according to the F-1 filing.

Spotify’s decision to go public has been expected and in the works for months as the company aims to return investments to venture capitalists and further grow its business. Now, it’s opening itself up to the pocketbooks and the scrutiny of the public market. That status isn’t always easy — just look at competing music-streaming service Pandora. Read more…

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Amazon launches its Prime Music service in India

sudshr47 February 28, 2018

Amazon has quietly launched its Prime Music service in India today. The retailer brought its Prime service to India some 18 months ago, but at the time it was lacking the free music and video streaming services. Amazon added the Prime Video months later, but it has taken some time for the music service to be deemed ready for the market. Medianama — where we first read of today’s… Read More

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Pandora is laying off about 5 percent of workforce

sudshr47 January 31, 2018

Streaming music service Pandora is laying off about five percent of its employee base and taking “other cost-saving measures” in an attempt to save about $45 million annually. According to Pandora’s 8-K filing, employees were notified today of the plan and the company expects the staff reduction to be complete by the end of Q1 2018. Read More

A $1.6 billion lawsuit won’t derail Spotify or its IPO

sudshr47 January 9, 2018

You’d think a $1.6 billion lawsuit might derail a company having trouble turning a profit and about to go public.

Not so much.

Spotify is all systems go for its upcoming and unorthodox public offering, in which the company will start start publicly trading its shares on the New York Stock Exchange in an unorthodox direct listing arrangement.

Despite the lawsuit, the company has enjoyed a run of good news. Last week, Spotify announced it had surpassed 70 million paid subscribers, drubbing the competitionApple Music, in second place, has 30 million subscribers. Before that, Spotify signed new deals with record labels that provided the streaming music company with a better cut of the money it brings in through subscribers and advertising — a major step toward profitability. Read more…

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Apple Music mogul Jimmy Iovine is reportedly leaving the company

sudshr47 January 5, 2018

Music industry mogul Jimmy Iovine — who recently voiced concerns about the future viability of music streaming — will leave Apple Music this year, according to a Billboard report.

Iovine helped Apple launch its streaming service back in 2015. Since then, Apple Music has grown dramatically, acquiring 30 million paid subscribers, second in the world behind streaming powerhouse Spotify, who yesterday announced hitting 70 million subscribers.

The music site Hits Daily Double first reported that Iovine’s departure will happen later this year, and Billboard followed by reporting Iovine will leave when his stocks become vested (agreed upon time for Iovine to get rights to his Apple stocks). Read more…

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SoundCloud rejects claims of reduced sound quality on its streams

sudshr47 January 5, 2018

SoundCloud is still the place to be for budding and established music makers, and it’s fair enough that they won’t budge on sound quality.
Since Wednesday, the company has been on the receiving end of users bemused and angry over a purported change t…

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Jay Z and Bey tease ‘Family Feud’ video, hoping their love makes you buy TIDAL

sudshr47 December 28, 2017

Even three years after launching, Jay-Z and Beyonce’s family life still appears to be TIDAL’s greatest asset.

A 30-second music video clip for 4:44’s “Family Feud” showcases the couple’s latest attempt to use their marital troubles — well-documented in Beyonce’s TIDAL-exclusive visual album Lemonade — to get you to buy a subscription to their “premium” music streaming service.

And, tbh, it’s kinda working.

There’s no doubt that Bey and Jay look fierce as hell in the brief trailer for the track from his Grammy-nominated album, detailing how “nobody wins when the family feuds.” In the preview, Jay Z can be seen fooling around with some lady who certainly is not Beyonce. In contrast, he’s also seen walking down the aisle of an extravagant church with his daughter, Blue Ivy, and standing in judgement of his wife, clad in a dramatic black gown. Read more…

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Quincy Jones is about to launch the ‘Netflix of jazz’

sudshr47 December 7, 2017

Now here’s a strong niche.

Legendary producer Quincy Jones has jumped into the streaming pool with a new video platform for hardcore jazz lovers.

Dubbed the “Netflix of jazz” by Kevin Le Gendre of BBC Radio 3, Qwest TV is apparently the world’s first subscription video-on-demand platform dedicated to jazz.

Set to launch on Dec. 15, Qwest is a curated online library of documentaries, concerts, interviews and short features, most of which are not available on other streaming sites like Netflix and Hulu, or even YouTube. Plus content will come with liner notes penned by journalists and jazz experts. Read more…

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Google backs music startup to help make more Chance the Rappers

sudshr47 November 15, 2017

Imagine you’re in the market for a new pair of shoes, and you hear your favorite artist playing in the background of an online ad.

Coincidence? Maybe not in the future. Launched out of stealth mode Wednesday by record label veteran Steve Stoute, United Masters is tying together artists and brands in the hope of driving more attention and sales for both groups.

And cutting out labels in the process.

“Brands are spending hundreds of millions of dollars trying to get to young people by using music as the vehicle,” Stoute told the Wall Street Journal. “Being able to use music data and making it actionable so they can target and speak to these fans, that’s super important.” Read more…

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Ever wondered how Spotify works? This course can teach you how to make a legit music streaming site.

sudshr47 November 7, 2017

Just to let you know, if you buy something featured here, Mashable might earn an affiliate commission.
Hey, aspiring Google or Microsoft engineers: how does adding a real, working Spotify clone to your portfolio sound?
Up your HTML, JavaScript, and P…

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Pandora tried to become more like Spotify and now it’s bleeding users

sudshr47 November 2, 2017

Pandora is trying to reinvent itself as more than free internet radio. But subscriptions come with a price.

Pandora has been losing users with each earnings report, at 73.7 million active listeners this quarter compared to 78.1 million this time two years ago.

Pandora Q3 Users:
2015: 78.1M
2016: 77.9M
2017: 73.7M

— Lucas Shaw (@Lucas_Shaw) November 2, 2017

The 4.4 million dropoff in users comes as Pandora tries to make itself a player in the on-demand music streaming wars, up against Spotify, Apple Music, and the rest.

This quarter, Pandora touted that its total paid subscribers were up 29 percent year-over-year to 5.19 million. For comparison, Spotify has 60 million subscribers and Apple Music has about 30 million. Pandora’s subscriptions brought in $84.4 million in revenue. Read more…

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