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Rumor Fact(ory): Liberty Media may be interested in acquiring iHeartMedia

iHeartMedia is in the process of restructuring after a strategic move of declaring bankruptcy in March. Despite several years of financial difficulties, the company still has such a large footprint in broadcasting and audio that it has been the subject of takeover rumors. First, Apple was allegedly engaging in talks with the media conglomerate. Now, Liberty Media is reportedly interested as well. Continue Reading

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Rumor Fact(ory): Google may release a video screen smart speaker this year

Google may be making a big move in its efforts to secure a bigger slice of the smart speaker pie. According to reports in the Nikkei Asian Review, Google is planning a new smart speaker that will have a video screen. If these rumors come to pass, Google could have a product in direct competition with Amazon’s Echo Show in this year’s holiday shopping season. Continue Reading

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Rumor Fact(ory): Apple pondering a joint digital subscription for music, video, and news

Apple may be planning a new type of multimedia content subscription. The Information (paywall) reports that Apple is considering a single package that would combine Apple Music with the company’s original TV and video projects and its overhauled news app. Each of the services would still be available individually, but a single access point would position Apple as a single-stop purveyor of entertainment. Continue Reading

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Rumor Fact(ory): Spotify may be working on a voice-controlled speaker for cars

Spotify recently made waves in the financial sector with its unique direct listing, but the company’s next move is expected to be firmly back in the tech space. Spotify is hosting an event on April 24 to share its latest development. According to the early reports and speculation, that development may be a piece of dedicated hardware for streaming Spotify via voice control in a car. Continue Reading

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Rumor Fact(ory): TuneIn reportedly sued in UK for copyright breach

Music Business Worldwide is reporting that two of the major labels have started legal proceedings against TuneIn UK around possible breach of copyright. Sources told the publication that the suit alleges the UK branch of the online audio company had at least 800 unlicensed music streams in that market. Continue Reading

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Rumor Fact(ory): Spotify now valued at $16 billion

Reuters is reporting that Spotify’s latest private trading numbers are now valuing the streaming company at about $16 billion. The publication cited unnamed sources familiar with the latest deals for Spotify, although the company declined to comment on the rumor. Reuter’s sources predicted that by the time Spotify goes public, it could be worth at least $20 billion. Continue Reading

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Rumor Fact(ory): SoundCloud investor decision could come tomorrow

SoundCloud’s current financial struggles may be reaching their final act. Axios business editor Dan Primack has shared information from a missive reportedly sent to SoundCloud shareholders that said Friday is the do-or-die date for the company to accept or reject its present reorganization proposal. Primack claims that CEO Alexander Ljung said that if the proposal is rejected, SoundCloud may not be able ”to continue as a going concern.” Continue Reading

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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

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Rumor Fact(ory): Tesla to make its own streaming service

Car manufacturer Tesla is reportedly considering the creation of its own streaming music service. Recode picked up the story, reporting that Tesla has had talks with the three major labels about licensing for a proprietary music platform. Sources have not disclosed the extent of Tesla’s music ambitions, but most likely a music service would be available exclusively in the manufacturers’ electric cars. Continue Reading