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Music streaming platform Tidal’s MQA music library touches 1 million mark 12 October 2018

Leading music streaming platform Tidal now numbers music library tracks in the million. The streaming  platform boasts of a vast library of studio-quality MQA (Master Quality Authenticated) music tracks. MQA supports studio-quality audio (96 kHz/24 bit) and is slightly better than the streaming service’s CD-quality tracks on the service Tidal had added MQA audio in …

Chinese music streaming platform NetEase Cloud Music partners with Loen Entertainment 11 October 2018

Popular Chinese music streaming platform, NetEase Cloud Music announces  copyright licensing partnership with Loen Entertainment, a leading entertainment firm in South Korea. With this partnership, NetEase Cloud Music will get license to copyright of the firm’s music catalog, including vats collection of music as well as tracks from popular performers. Launched in 2013, NetEase Inc. …

Universal Music Group sign deal with 7Digital to boost streaming revenues 27 September 2018

American global music corporation, Universal Music Group has signed a partnership deal with London based 7digital for providing music streaming platform services. With this deal, 7digital will provide UMG the ability to improve and create playlists for all their partners. This could reportedly generate $500,000  for Universal Music Group. Simon Cole, CEO, 7digital quoted, “Our …

Music streaming platform Spotify join forces with Showtime 05 September 2018

Global music streaming platform Spotify has collaborated with Showtime to offer students across the country both their respective services for $4.99 a month. The new offer is applicable for both new and existing Spotify student subscribers. With this partnership, students will get unrivalled access to world-class and on demand content for one low price. Alex …

Humbolt plans to launch music streaming service for independent artists 27 August 2018

Music discovery platform, Humbolt is planning to launch a music streaming service for independent artists and labels. The introduction of music streaming platform will enable music lovers to discover and support great music from around the world. David O’Brien, Founder, and CEO, Humbolt quoted, “As a former musician, I wanted to create Humbolt in order …

Genie Music introduces 5G music streaming platform 23 August 2018

Telecommunications provider KT’s affiliate, Genie Music is all set to launch a new music streaming platform using fifth-generation (5G) networks. With an aim to capitalize on the ever-growing mobile music market, the music 5G platform will feature both music streaming service and visual content. Kim Hoon-bae, CEO, Genie Music quoted, “Visual content will be a …

Unlike leading music streaming platforms, Napster records profit in 2018 22 August 2018

Online music streaming service Napster has recorded a net profit of $4.4 million and $2.1 million respectively in the first two quarters of 2018. The number surprises all as Napster has managed to score a handsome profit despite a steep 28% drop in revenue while other leading music streaming platforms are incurring a loss for …

Music streaming app Boomplay registers 10 million Google Play downloads 13 July 2018

According to reports, Africa based music streaming app Boomplay has seen 10 million downloads on Google Play. The Android platform allows users to access artists’ songs, videos, and lyrics etc. The audio streaming app has won the Best African App guild in Cape Town last year. On the grand occasion, while inviting worldwide music artists …

Spotify registers smooth debut on NYSE 06 April 2018

Swedish Audio streaming giant Spotify went public this week on the New York Stock Exchange and registered a smooth debut by ending up 12.9% on the first day. Spotify’s share opened at $165.90, up nearly 26 percent from a reference price of $132 set by the NYSE. The stock ended the session at $149.01, thereby …

Cadillac Models now have Spotify app 02 April 2018

Swedish music streaming giant Spotify has introduced a standalone app for Cadillac which will enable the Cadillac owners to access the app without a phone. The app which is integrated into the infotainment system will use the built-in 4G LTE connection, a feature which is available in most new models from the US manufacturer. Integration …

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