Shazam 2014 results show growth in audience and net losses

Shazam has reportedly filed financial results for its entire 2014 financial year. While the sound identification app did post solid numbers in terms of audience base, it still had losses overall in the period. Revenue at Shazam in 2014 totaled about £36 million, but the net loss was £14.8 million. The results did reveal nearly 120 million monthly active users for the service, though. Continue Reading

Msty joins the ranks of mobile, musical messaging with support from Apple

When a big success hits the start-up world, it typically spawns a series of clones. In this case, we have a new service positioning itself as “the Snapchat of music.” Msty is a mobile app that lets its users send song clips via message to their friends, accompanied by images and snippets of text. The unusual name stands for “my song to you.” Continue Reading

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Spotify advises iOS subscribers to cancel and re-subscribe for cheaper, blaming Apple

Spotify has sent an email to Apple iOS subscribers, suggesting they cancel their Spotify Premium accounts, if those subscriptions were purchased through the Spotify app, and re-subscribe on Spotify’s website. There is an implied blame of Apple in Spotify’s communication that could be misplaced. We suggest a different approach. Continue Reading