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Spotify acquires mechanical licensing specialist Loudr

Spotify has acquired mechanical licensing company Loudr, a move that could bring more expertise and technology into the streaming company to tackle that thorny topic. Loudr offers services to help content creators, aggregators, and music services to identify and pay mechanical royalties to publishers. Continue Reading

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Rumor Fact(ory): Spotify may be working on a voice-controlled speaker for cars

Spotify recently made waves in the financial sector with its unique direct listing, but the company’s next move is expected to be firmly back in the tech space. Spotify is hosting an event on April 24 to share its latest development. According to the early reports and speculation, that development may be a piece of dedicated hardware for streaming Spotify via voice control in a car. Continue Reading

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Spotify stock update: Price is holding around $150, analyst reactions, Sony’s windfall

Spotify has been trading on the New York Stock Exchange for two full days, meaning we’re starting to see the streaming service’s shares near a potential equilibrium after the hotly-anticipated direct listing. The business debuted on April 3 at about $165 per share for a valuation of about $30 billion. Today’s trading opened at about $150 per share and, as of publish time, it has hovered near that price since. Continue Reading

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New era for Spotify. Daniel Ek: “We are only in the second inning.”

Daniel Ek, founder and CEO of Spotify, has often been quoted taking the long view of the streaming music industry, and the destiny of his company. Today is a milestone in Spotify’s business history, as SPOT begins trading on the New York Stock Exchange. Memorializing the moment, Ek posted a letter on his company’s internal blog. “We are only in the second inning,” he said. Continue Reading

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UK songwriters’ group lobbies for a share of Facebook, Spotify revenue

Songwriters and composers in the UK are making a push for music publishers to include them in their recent licensing negotiations. Ahead of Spotify’s direct listening date, the British Academy of Songwriters, Composers & Authors is calling on publishers to commit to sharing proceeds from their sales of stock in the streaming music company. Continue Reading