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SiriusXM set to acquire music streaming service Pandora 25 September 2018

Satellite radio company SiriusXM  has agreed to buy music streaming company Pandora at about $3.5 billion. With the deal, Sirius can tap into the mobile strength of Pandora while helping it in areas such as making personalized listening recommendations. The partnership also offers Sirius access to tens of millions of listeners moving to music streaming …

Music streaming company iHeartMedia all set to acquire Stuff Media 15 September 2018

Leading audio streaming company in America, iHeartMedia has signed a strategic deal to acquire Stuff Media, LLC, a leading publisher of entertaining and informative podcast content. With this deal, iHeartMedia can leverage Stuff Media’s original content, programming and experienced podcasting management team to further expand its podcasting platform, increase its position as commercial podcast publisher …

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 …

Music streaming service Deezer adds $185 Million, enters partnership with Rotana 03 August 2018

Music streaming giant Deezer has raised $185 million from both new and existing investors. The Paris based streaming service announced that the cash injection took Deezer’s valuation past the €1 billion mark. Earlier, Deezer had struck a partnership with Dubai based media company, Rotana Group for distributing Rotana’s content across North Africa and Middle East …

Pandora’s paid subscriber base grows 01 August 2018

Music streaming company, Pandora Media has reported a growth in paid subscribers for the second quarter of 2018, thus driving its shares 12 percent higher. Facing competitions from bigger rivals such as Spotify, Google Play Music and Apple Music hasn’t deterred Pandora from  introducing tailored playlists for its premium users. As of June 30, Pandora …

Spotify terminates alliance with Adswizz platform after Pandora acquisition 01 August 2018

Music streaming giant, Spotify is terminating its partnership with digital audio advertising platform AdsWizz since Pandora acquired AdsWizz in March. Winding up its agreement, Spotify remains dedicated to offer advertisers automated solutions to access engaged audience through its self-service ad platform, Spotify Ad Studio. Spotify had launched programmatic audio capabilities in 2016 and has developed …

Spotify hits 83 million paid subscribers 27 July 2018

Music streaming giant Spotify has 83 million paid subscribers amount to a total of 180 million daily active users as reported in its second-quarter earnings report from 2018. Spotify’s daily active user base has grown 30 percent year-over-year. Additionally, Spotify also states that its revenue has increased up to 26 percent year-over-year. The online music …

Spotify India launch: Company is now at loggerheads with music label companies 26 July 2018

Warner, Sony, and Universal, the big three American music labels have interrupted the Swedish music streaming giant Spotify’s India launch. The above three music labels account for the vast majority of music in the US and across the Western world. According to them as music licenses are sold by territory, Spotify can’t launch in India …

From Music Downloading to Online Streaming: Blockchain to Transform Online Music Consumption 16 July 2018

The Music industry and piracy go hand in hand. A study says, 95% of all online music is downloaded illegally, causing $12.5 billion of economic losses every year with a loss of $2.7 billion in workers’ earnings. The global music industry is riddled with archaic royalty payment protocol by Performance Rights Organizations or PROs who …

Spotify loses the number one spot to Apple Music in US Subscribers counts 09 July 2018

According to reports, Apple Music has overtaken Spotify to become the most popular online music streaming service in the US. Apple Music takes the top place among the on-demand music streaming services in the US. Apple and Spotify are neck and neck with over 20 million subscribers each; with Apple Music reportedly in the lead, …

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