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Cowen: Spotify leads a streaming industry on the rise, but watch out for Prime Music

New research from Cowen explores the current state of the streaming music industry and gave forecasts for its future. Spotify and Amazon emerged as two of the top brands to watch. The data predicted a compound annual growth rate of 4% for the 2016-2021 period, with on-demand music services expected to double revenue and secure a 40% share of the industry by 2021. Continue Reading

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Apple in acquisition talks with Tidal, but will it really happen?

Apple has entered into discussions with Tidal about a potential acquisition. The Wall Street Journal reported that the two parties have been in talks, citing unnamed people familiar with the proceedings. On the surface, this seems like a reasonable pairing. Both Tidal and Apple Music have been focused on creating artist-friendly services, each securing some coups in exclusive releases over the past month. But digging a little deeper, Tidal’s recent accomplishments might cast doubt on the tie-up. Continue Reading