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Saavn expecting to turn a profit next year

India-focused streaming service Saavn is projecting that it could turn a profit by the end of 2018. Co-founder and CEO Rishi Malhotra said that the company is slated to reach revenue between $18 million and $20 million this year. With just 22 million monthly active users, the platform has pursued a combination of niche content and geographic tiers that appears to be delivering success. Continue Reading

Sneak peeks at Apple Music’s upcoming social features

At WWDC last month, Apple did announce plans to add a new social layer to its streaming music platform. The company’s previous efforts to add connection features in the app have been shaky at best. But Apple Insider has posted some screenshots from the beta of iOS 11 showing the social tools in action, and so far it seems like a more manageable and less obtrusive implementation. Continue Reading

Forbes celebrity wealth ranking highlights importance of streaming economy

Forbes has published a new list, this time revealing the 100 highest-paid celebrities. The list has a heavy lean toward musicians, and while many of those performers are still securing a large share of income from other branding and business enterprises, the entire ranking reflects how much creative enterprises have changed with the advent of digital tools. Continue Reading

Rumor Fact(ory): SoundCloud back in sale talks, reportedly with Deezer or Apple

The New York Post’s Claire Atkinson has put SoundCloud back into headlines. The streaming platform has been rumored as a sale target for months on and off. The Post is now reporting that “a host of players” are currently interested in taking over the company. Sources have most recently pointed to Deezer and Apple as possible buyers, with private equity firms also allegedly in the running. Continue Reading

Jay-Z’s 4:44 will be available on Apple, but is already popular among pirates

Last week marked the release of 4:44, the much-anticipated new album from Jay-Z. The work was released as an exclusive to Tidal, which is owned by Jay-Z and Sprint, which bought a 33% stake at the start of 2017. The release has not been the smoothest of sailing, an indicator that exclusive album releases are still a contentious approach to distribution that require careful planning to be successful. Continue Reading