Spotify reportedly plans another financing round, prepping to draw battle lines

Investment firm TPG Capital is reportedly considering an investment in Spotify. Sky News said that TPG is in talks to provide financing of as much as $500 million in loan notes, which could lead to Spotify increasing the size of its offering to up to $1 billion. These alleged fundraising plans come as Pandora continues to voice its intention to build a competing on-demand music service. Continue Reading

Deezer, Rhapsody reportedly react to David Lowery’s Spotify lawsuit

In the wake of David Lowery’s lawsuit against Spotify, other streaming services are now allegedly moving to protect themselves against similar actions. Both Deezer and Rhapsody have reportedly made moves related to Lowery’s catalogs with the bands Camper van Beethoven and Cracker. Continue Reading

Spotify/TNS study compares Spotify and radio listening in Canada

Spotify has expanded its listenership measurement study, produced by TNS, and today released results of a survey conducted in Canada. Like the European study, the Canada survey measures listening to terrestrial radio and to Spotify’s free online radio service, and demonstrates that Spotify’s audience provides incremental additional reach to radio advertisers. Continue Reading