Sonos released its fourth-quarter financial results, closing out its first fiscal year as a publicly traded company. Revenue rose 8% on-year to $294 million. In addition to the financial results, Sonos has also announced an acquisition of a startup called Snips. Continue Reading
Whooshkaa, an Australia-based digital audio company, has entered a partnership with Malaysian radio network Astro Radio. The two parties plan to release a multi-language on-demand audio venture for Asian audiences. Continue Reading
Spotify is hosting an awards show next spring. The streaming platform announced that the inaugural Spotify Awards will take place in Mexico City on March 5. Continue Reading
Apple has expanded its music streaming offerings to include a service of background audio for businesses. The Music for Business service comes from a partnership with in-store music and entertainment company PlayNetwork. Continue Reading
Billboard released its annual list of digital power players, a collection of the business leaders who are driving segments such as streaming and radio. Both industries had notable figures from businesses around the world, as well as from leading brands. Continue Reading
Amazon is bringing the free option for its music streaming service to more platforms. On Monday, the company opened access to select ad-supported playlists and stations to listeners in the U.S., UK, and Germany. Continue Reading
Deezer has offered a lossless audio subscription tier for years, but it has always been limited in scope. The Deezer HiFi option was only available via desktop apps and connected speakers in the United States for the past few years. Continue Reading
Tencent Holdings has been floated as a potential, even likely buyer for a stake in Universal Music Group. But the latest rumors indicate that while the Chinese company is still interested, it may want to make the investment with partners. Continue Reading
Bytedance, the Chinese company that owns short-form video platform TikTok, may be moving forward with launching its own streaming music service. Financial Times reported that Bytedance is working on an app that would offer the typical on-demand audio experience. Continue Reading
SoundCloud rolled out a new feature this week aimed at helping creators to grow their audiences. Promote on SoundCloud is a self-service tool that lets users promote their original tracks to the top of listeners’ feeds and mobile home pages. Continue Reading
Deezer has entered an agreement with the airline Emirates. Under the terms of their deal, Deezer will create dedicated playlists for Emirates’ in-flight entertainment system, called ice. The streaming service will provide more than 20 playlists for travelers. Continue Reading
Spotify has been keeping a break-neck pace of announcements, partnerships, and new features. This week, the streaming service shared two updates: one in augmented reality and one in lyrics. Continue Reading