In its entire decade of existence, Spotify has struggled to balance the two tenets of its business — high licensing payouts to artists and labels and a wonderfully cheap monthly fee for users — resulting in a balance sheet that prompts worried squints from investors and music industry analysts. But …
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Pandora‘s stockholders have just approved SiriusXM’s $3.5 billion acquisition of the digital music company, which now involves the exit of Pandora CEO Roger Lynch and the installation of SiriusXM CEO Jim Meyer in his place. Following a special stockholder meeting on Tuesday in which 97 percent of votes cast were …
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Spotify surpassed 200 million monthly active users at the end of 2018, the 10-year-old streaming service announced during an interview at Las Vegas’s Consumer Electronics Show this week. In November, Spotify said in a financial disclosure to investors that it had 191 million monthly active users, 87 million of them …
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Here’s music for the music business’s ears: U.S. consumers’ spending on audio entertainment is expected to rise significantly this year off of record spending in 2018. On-demand music services are expected to bring in 22 percent more revenue in 2019, rising to $7.7 billion, according to the Consumer Technology Association’s …
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“Historic” was the adjective of choice for artists, songwriters and politicians alike when Congress passed the Music Modernization Act earlier this year. The overduebundle of reform — intended to update copyright rules for the streaming age and help music-makers take home more money — was an industry-wide effort, years in …
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Drake‘s latest partnership isn’t with a sneaker brand or a streaming service, but a British film company. The Canadian rapper has joined hands with Altitude Film Distribution to acquire UK distribution rights to a drama about police brutality, according to a press release. Monsters and Men — which won the …
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