Spotify has been rumored as a buyer for SoundCloud for month, but it seems that the takeover is a no-go. At least for now. TechCrunch reports that it spoke to a source at Spotify who said the potential acquisition went cold last week. Continue Reading
Apple allegedly played a part in the shut-down of Omnifone earlier this year, hiring 16 of the B2B music company’s employees and snapping up some amount of its technology assets. TechCrunch reported that Apple made the purchase and talent acquisition back in August. Continue Reading
Spotify has acquired Preact for an unspecified price. Preact is a cloud-based company that helps subscription-driven businesses acquire new subscribers and retain existing ones. Continue Reading
In a major agreement that seeks to advance online audio advertising generally, as it helps two companies reach their business goals, Triton Digital and AudioHQ are announcing today that AudioHQ will be the exclusive seller of Triton’s ad inventory in the U.S. It is a multi-faceted deal that sees Triton’s ad-sales team move over to AudioHQ. Continue Reading
TuneCore has acquired JustGo, a social media management platform. The new property has been rebranded as TuneCore Social, which will be an all-in-one tool for social management and analytics. Continue Reading
Deezer has expanded its deal with mobile carrier Orange, which will be the exclusive telecom partner for the streaming service through to summer 2018. This should be a positive financial move for Deezer; the Orange contract provided 24% of its revenue in the first half of 2015. Continue Reading
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
Access Industries has been granted “exclusive control” over Paris-based streaming service Deezer. According to an evaluation by France’s Competition Authority, the company led by Len Blavatnik got directly involved with the ownership of the company following an investment made in January. Continue Reading
Red Bull Music Academy Radio is now available via TuneIn thanks to a deal that has taken a year to coalesce. The partnership will include live broadcasts from Red Bull Music Academy events in Atlanta and Montreal this fall. Continue Reading
Sony Music UK has acquired Ministry of Sound Recordings. The artist division is an arm of the dance music entertainment business that began with the London nightclub of the same name. Continue Reading
Last week, we reported that Warner Music Group was on the verge of announcing a deal with video service Vevo. That partnership has been formalized, and as expected, it is a looser tie-up that Vevo has with the other two major labels. Continue Reading
Vevo and Warner Music Group may be nearing a deal that will see the label’s artists appearing on the video platform. According to Billboard, the agreement will see Warner artists’ music videos added to Vevo.com and the Vevo mobile app. The deal, which is more than a year in the works, could be finalized as early as this week. Continue Reading