Apple Music has 36 million subscribers, reportedly posting 5% monthly growth in the U.S.

Much of Apple’s subscriber increase is reportedly happening in the U.S. Unnamed sources told WSJ that Apple is posting 5% monthly subscriber growth in the United States, compared with 2% growth for Spotify. That has led many other publications to see this as a sign that Apple could overtake Spotify as the biggest subscription streaming service in one of the major markets, but that projection requires some caveats. Continue Reading

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Spotify IPO is underway, with initial documents filed in late December

One of the perpetual stories that kept appearing in out 2017 headlines was the lingering question of Spotify and its plan for an IPO. The signs had pointed toward the streaming service pursuing a direct listing. Now, news has emerged that Spotify filed the confidential documents with the SEC to begin the IPO process in the final days of December. Continue Reading