Spotify announced today a half-off subscription rate for college students. the normal $9.99/month subscription rate is dropped to $4.99 for qualified students. The announcement comes days after Pandora hiked its subscription price by 25% — to $4.99 per month. Continue Reading
In what could be described as the first crack in The Echo Nest’s music-powering empire, Rdio CEO Anthony Bay told CNBC that his music service would end its relationship with the music-data company. The Echo Nest was acquired by Spotify last week, and Bay doesn’t want his user metrics visible to a competitor. Continue Reading
The company is silent, but Spotify reportedly has arranged a $200-million line of credit. In addition, Spotify has $538-million total venture funding. When so much external money is in a company which carries an unprofitable balance sheet, it sometimes foretells a “liquidity event” such as an IPO. Continue Reading
The acquisition of The Echo Nest by Spotify represents an important potential alteration in the anatomy of streaming music services. The Echo Nest has a broad footprint in the industry, we wondered what the acquisition means for the many music services which rely on The Echo Nest, and their millions of users users, who, even if they don’t know it, are really listening to The Echo Nest. Continue Reading
In joint press release, Spotify and The Echo Nest announced this morning that Spotify has acquired The Echo Nest. Spotify is a leading interactive, on-demand music service. The Echo Nest is the leading music intelligence tech company, providing technology that powers song recommendations to over 400 listening platforms. Continue Reading
UPDATE: The two sides of this dispute have reached an out-of-court, non-financial settlement. The Spotify playlists in question, which replicate compilation albums produced by British label Ministry of Sound, will be removed from Spotify’s search engine, but not removed from the service. Continue Reading
Dave Allen, iconic musician and participant in the “Spotify debate,” announced in the Beats Music blog that he has accepted the position of Director, Artist & Music Industry Advocate. “I am back in the music business after 13 years,” Allen enthuses. Continue Reading
In what appears to be a targeted competitive thrust, song-identification platform SoundHound announced an app update that connects more substantially to music subscription service Spotify. Competitive strategy against Shazam and its recently completed deal with Rdio? Continue Reading
Yesterday afternoon, Reuters spotted a Spotify job listing containing language which implied that the music subscription company was preparing to go public with an initial public offering (IPO). The buzz building around this speculation today is an extension of past predictions from many quarters. Continue Reading
RAIN Hotspots: The five most-read articles of the week. Pandora vs. ASCAP trial; how millennials listen; the inaugural RAIN Poll; spotify launches a radio-like hosted program; Pandora accepts open music submissions. Continue Reading
Paris-based international music subscription service Deezer will close its Australian office. Thomas Heymann, who ran that office, will leave the company. Heymann oversaw Deezer’s Australian launch in 2012. Deezer’s Australian service will continue, undisturbed by the structural change, managed from Paris. Continue Reading
Spotify announced a new programming tactic it calls a “radio show,” starring singer/songwriter Billy Bragg. A monthly production, the first episode will appear tomorrow, February 11. The program’s hook is a “talking playlist.” Continue Reading