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On-demand Music Streaming - Latest updates on On-demand Music Streaming

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Unlike leading music streaming platforms, Napster records profit in 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 …

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

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 …

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Chinese Tech giant’s efforts to acquire Spotify this Year

According to a new report, Chinese tech giant Tencent made attempts to acquire Spotify earlier this year. Tencent tried to acquire Spotify so as to expand its reach in the music streaming market beyond China and Asia. Tencent’s own music streaming unit boosts of 600 million users across 600 million users. Hopeful to acquire Spotify …

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Music streaming service from Tesla to make its debut soon

As per Electrek, Tesla’s latest software update includes backend information for its new streaming platform called “TTunes”. Nothing is available yet in terms of a usable program that people can use, currently. Seems like Tesla may launch its music streaming platform soon.

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Music Streaming set to grow in Japan with Napster and Rakuten partnership

Napster has been selected by Japanese e-commerce leader, Rakuten, to scale its on-demand music streaming catalog. A new partnership with Japanese internet services company Rakuten, Inc was announced by Napster today which is meant for enhancing Rakuten’s on-demand audio streaming service: Rakuten Music. Napster will provide song playback and curated playlists from its catalog to …

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