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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

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Rumor Fact(ory): Spotify exploring SoundCloud acquisition

Financial Times reported that Spotify is in “advanced talks” to acquire SoundCloud. The talks might be advanced, but sources told the publication that there were no details on how much money might change hands and the potential deal could still fall apart. We’ve been expecting to see more consolidation within the streaming music space, so this possible tie-up is an intriguing proposition. Continue Reading