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Rumor Fact(ory): Spotify now valued at $16 billion

Reuters is reporting that Spotify’s latest private trading numbers are now valuing the streaming company at about $16 billion. The publication cited unnamed sources familiar with the latest deals for Spotify, although the company declined to comment on the rumor. Reuter’s sources predicted that by the time Spotify goes public, it could be worth at least $20 billion. Continue Reading

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Rumor Fact(ory): SoundCloud investor decision could come tomorrow

SoundCloud’s current financial struggles may be reaching their final act. Axios business editor Dan Primack has shared information from a missive reportedly sent to SoundCloud shareholders that said Friday is the do-or-die date for the company to accept or reject its present reorganization proposal. Primack claims that CEO Alexander Ljung said that if the proposal is rejected, SoundCloud may not be able ”to continue as a going concern.” Continue Reading

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Rumor Fact(ory): SoundCloud back in sale talks, reportedly with Deezer or Apple

The New York Post’s Claire Atkinson has put SoundCloud back into headlines. The streaming platform has been rumored as a sale target for months on and off. The Post is now reporting that “a host of players” are currently interested in taking over the company. Sources have most recently pointed to Deezer and Apple as possible buyers, with private equity firms also allegedly in the running. Continue Reading

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Rumor Fact(ory): Tesla to make its own streaming service

Car manufacturer Tesla is reportedly considering the creation of its own streaming music service. Recode picked up the story, reporting that Tesla has had talks with the three major labels about licensing for a proprietary music platform. Sources have not disclosed the extent of Tesla’s music ambitions, but most likely a music service would be available exclusively in the manufacturers’ electric cars. Continue Reading

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Rumor Fact(ory): Verizon reportedly might invest in Pandora pending Sirius deal

We’ve been hearing speculation for many months that Pandora and Sirius XM are interested in building a closer relationship. Sirius XM has been rumored to want to acquire the online audio company, but the two parties have been at odds over price. New information from the New York Post’s Claire Atkinson indicated that if Sirius does back away, Pandora might have another interested suitor. Continue Reading

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Rumor Fact(ory): Spotify nearing major label deals with some surprising propositions

Financial Times is the source of the latest Spotify speculation, reporting that the streaming service is close to final licensing deals with the major labels. The core of those arrangements, is that Spotify would pay a lower royalty fee to the labels, but in exchange would temporarily gate major album releases for paying customers. Continue Reading