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Quick Hits: Warner streaming promotion; Germany could end FM receiver sales; Spotify valuation

Brief news items and worthy reads from around the web:

Warner Music Nashville streaming promotion: Warner Music Nashville announced a promotion within its radio and streaming division. Tim Foisset is now the company’s Vice President, Streaming. His previous role was Senior Director, Streaming. “Streaming is a big part of the future of our business, and I’m truly inspired to help navigate this label toward that future,” Foisset said.

Germany moves to make FM-only radio receivers illegal: Germany’s Federal Minister of Economics and Energy, Brigitte Zypries, has presented a draft amendment that would prohibit the sale of FM-only radio receivers. Her measure would also require mobile phones to have both FM and DAB+ receivers.

Spotify valuation still growing: Hot on the heels of news about Spotify’s apparent plans for a direct stock exchange listing, Digital Music News is reporting that the company is valued at $13 billion. That’s already a big jump over the $8 billion valuation it had when the streaming platform was still considering a more tradition IPO at the start of the year.

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Brad Hill

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