Spotify-owned B2B streaming company makes big splash entering U.S. market

Today marks a big development in the B2B music space, as Soundtrack Your Brand arrives in the U.S. through a deal with McDonald’s. Soundtrack also announced that it has received a total of $20 million in funding to date. It is backed by Spotify, which also owns a third of the company, and works with businesses to set the music they want played at their stores. Continue Reading

David Lowery’s lawyers want details on Spotify/NMPA royalty settlement

The lawsuit filed by David Lowery against Spotify has gotten a new wrinkle today. Lowery’s legal team has filed a request to see all the correspondence sent by the streaming service to potential participants in the class action suit related to Spotify’s recent settlement with the National Music Publishers Association. Continue Reading

Mark Mulligan: Spotify’s Billion Dollar Challenge

by Mark Mulligan

Spotify just changed the rules of the game, raising an unprecedented $1 billion in convertible debt. Guest columnist Mark Mulligan analyzes — what is Spotify’s strategy, and where will growth come from. One key: “The 9.99 subscription model is incredibly difficult (perhaps impossible) to run profitably at scale.” Continue Reading