PayPal led a survey about digital media consumers. The global survey covered 10 markets and about 10,000 consumers about their digital media habits. According to the results, 86% of music consumers listen on their smartphones, making it the top hardware choice for listening. Continue Reading
Soundtrack Your Brand has received financing of $22 million. Nordic VC fund Industrifonden and the U.K.’s Balderton Capital led the found. The company, which is backed by Spotify and founded by former Spotify execs, is a B2B version of the streaming service. Continue Reading
Spotify is relocating its New York City operations, but the change is happening with a little extra pomp and circumstance. The move was announced by Governor Andrew Cuomo, and Spotify will be benefitting from up to $11 million in rent credits from the Empire State Development Corporation. Continue Reading
Brief news items and worthy reads from around the web: Stevie Wonder speaks out for radio fairness. Spotify doubling down on artist relations. Continue Reading
Billboard published its Power 100 list for 2017. The ranking includes several prominent leaders in the streaming music industry from companies including Apple Music, iHeartMedia, and Pandora. Spotify Chairman/CEO Daniel Ek took the No. 1 spot. Continue Reading
The New York Times has a deal with Spotify. New digital subscribers who buy a year of access to the newspaper for the will also get access to the premium version of the streaming service. Continue Reading
Every now and then, Spotify throws open the door into its vault of fascinating data about its listeners. Today, its numbers have turned the most benign small talk topic into something fascinating. Continue Reading
Apple Music has hired Steve Savoca, a former Spotify exec. Savoca was the vice president of content at Spotify and his responsibilities centered on label relations. He’ll be performing the same label-focused duties at Apple Music. Continue Reading
The timeline for Spotify’s long-anticipated IPO launch may have encountered another setback. Sources have told TechCrunch that the streaming company could push the IPO back to 2018. The unnamed sources said waiting yet another year would give Spotify time to have a stronger balance sheet and revamp its label licensing deals. Continue Reading
Spotify has a colorful new marketing campaign underway in New York City that could be good news for Prince fans. Purple banners with just the Spotify logo are now on display in the Union Square subway station, leading to speculation that the streaming service will soon have access to Prince’s music. Continue Reading
Mobile analytics specialist App Annie has published its 2016 Retrospective. The report tracked another year of growth for the app industry, growth in worldwide downloads and time spent in app. Many other reports last year pointed to mobile as a key source of listeners for streaming music services, but this retrospective revealed that it can also be a big revenue driver. Continue Reading
MusicWatch sent RAIN News a pre-release note with results of its 2016 ‘Music Streaming Wars’ study, and found that Pandora was had the largest share of weekly music listening at 28%. YouTube took second place with a 27% share. Both of those figures include the audio companies’ free and paid tiers. Continue Reading