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TLD3 aims to move into wireless audio streaming market

TLD3 Entertainment Group has closed the acquisition of assets of Digital Legend, a developer of wireless audio streaming and music social network software. With this acquisition, TLD3 will now own and control the global marketing and development rights to Mbox wireless audio streaming technology and Take It 2 The Next Level’s music social networking application. …

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Popularity of Audio streaming results in higher music sales in the US

According to reports, the rise in music streaming has led to significant growth in music sales in the U.S. The registered revenue which grew at a rate of 16.5% has hit a level, last seen a decade ago as per the report. Recorded music sales clocked at USD 8.7 billion returning to the revenue level …

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Reliance Jio and Saavn join hands ahead of Spotify’s entry

World’s largest audio streaming service, Spotify, is all set to enter India this April and to counter the possible threat, established players, Reliance Jio and Saavn have joined hands ahead of the Swedish giant’s much talked about arrival. As per reports, Reliance Jio to spend $670 million in Saavn. Saavn boasts 30 million songs under …

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Amazon Music follows iTunes in Windows 10 Microsoft Store

Amazon music streaming app debuts in Microsoft Store on Windows 10 following Spotify and iTunes. The app is available for consumers running the Windows 10 Anniversary update or greater in the US, UK, Germany, Austria, France, Italy, Spain, and Japan. Although the app appears to be a port of the existing Amazon Music desktop app …

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Spotify to hit 100 million subscribers soon

There is no looking back for the Swedish online audio streaming giant Spotify, as it is going to enter the 100 million hallmark very soon. Spotify which was hit with a whopping $1.6 billion lawsuit recently, following allegations of bypassing mechanical licenses, according to rumors, may go public on the NYSE next month. Spotify has …

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Deezer and Indonesian tel-co Tri collaborate to offer music streaming

Deezer and Indonesian telco Hutchison 3 which runs phone operating brand Tri have joined hands to offer music streaming to its customers. Deezer Premium+ is going to be available in the same price as Spotify in Indonesia. Deezer which has already made deals with Hutchison’s subsidiaries around the UK, Ireland, Denmark, and Sweden will provide …

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Wynk Music gives tough competition to JioMusic in India

Wynk Music, the OTT music app of Bharti Airtel has crossed 75 million app installs and recorded 100% spike in Indian regional music streaming. The company revealed that 13% of the active user base is from the rural market and it contributes nearly 10% of the overall daily audio streams. In its quest to outdo …

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Amazon Prime Music strikes content deal with Zee Music

After hinting the launch of Prime Music in India for months, Amazon has formally announced its partnership with Zee Music. However, the exact date of launch for the streaming service and the financial aspect of the deal is under wrap. Amazon Prime members can avail the new service at no additional cost and moreover, the …

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Spotify U.K. reports a revenue of $312 million

  Spotify’s financial results for the year 2016, report that gross revenue climbed to £237 million ($312 million), up from £187 million ($247 million) in 2015. A majority of that is contributed by subscription sales, accounting for £216 million ($285 million), up from £172 million ($227 million) the previous year. Advertising sales also rose to …

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The rise and fall of MP3

MP3 was a much sought-after term in the 1990s and early 2000s. A lot of us will be able to relate to the days of slow dial-up when downloading a song could take close to an hour. This was one of the major reasons why MP3 rose to power.   MP3, also known as MPEG-1 …

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