After laying off thousands of employees, Spotify achieves record profits of over €1 billion ($1.1 billion), driven by podcasting, despite missing monthly user forecasts.
Spotify plans price hikes in key markets, with the US likely affected later. Individual plans to raise $1, duo and family by $2.
A group of key app developers, which include Epic Games, Spotify, and others, known as the Coalition for App Fairness (CAF), is supporting the DOJ's antitrust lawsuit against Apple.
Netflix, Spotify, and other digital media providers face scrutiny over their tax exemption as the World Trade Organization debates the fate of the e-commerce moratorium during its Abu Dhabi meeting.
Spotify's EU complaint over Apple's alleged unfair competition receives a reply from the Cupertino-based company as a potential 500 million euro fine looms.
The EU may fine Apple $539 million for restricting music streaming. Is this related to Spotify's complaint in 2019?
Music streaming giant Spotify has announced a significant workforce reduction, saying it will lay off 17% of its employees.
Music streaming company Spotify raises $ 1 billion deal through financing in the form of convertible debt. TPG rounded the funds together with Dragoneer along with other institutional investors. The deal placed by Goldman Sachs is expected to close on April 2.
The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.
Apple Music has gained another million subscribers, following its previous 10 million members. It means that Apple is chasing to compete tightly with its competitor, Spotify.
Pandora Media Inc has engaged Morgan Stanley to facilitate the selling itself including identifying potential buyers. Pandora has been spending heavily to attract more number of users amid increasing competition in internet radio space.
A startup focusing in the student accommodation markets just received $60 million from high-profile firms and individuals, led by VY Capital. Student.com will use the funds to expand its presence and service in the promising markets of international students accommodation. For now, most of Student.com's bookings came from Asia-based students.
After launching the public beta version in December, owners of Sonos system will now be able to enjoy Apple music service. The features will be available starting Wednesday morning.
Roger's walkie-talkie style voice messaging app that launched in 2015 gets a financial backing of $1 million from Social Capital. The new feature was created by ex-Spotify employees, Ricardo Vice Santos and Andreas Blixt, who have done complete justice to the phrase 'selling old wine in new bottle'. In the current scenario where voice messaging is no longer a novelty, Roger hopes to tap the market outside Asia where people are still stuck with texting, and win them with its simple, three-button structure.
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
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