Apple mulls on launching on-demand music service to compete with Spotify

Cupertino, US-based tech giant Apple is mulling on launching its own on-demand music service to compete with music streaming giant Spotify as the number of downloads goes down.

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California-based late-stage investment firm Technology Crossover Ventures raises $2.23B for eighth fund

Palo Alto, US-based late-stage investment firm Technology Crossover Ventures (TCV) raised $2.23 billion for its eighth growth equity fund from European and Asian private and public pension funds, financial institutions and other investors.

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Spotify snaps up American music discovery engine Echo Nest

Sydney, Australia-based music streaming firm Spotify snapped up Somerville, US-based music discovery engine The Echo Nest for an undisclosed amount to create an improved music discovery service for its clients.

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Amazon to offer its own music streaming service under Prime membership

US-based e-commerce giant Amazon is reportedly in talks with big music companies about plans to offer its own music streaming service under it Prime membership, according to a report by Re/code citing anonymous industry sources familiar with the discussions.

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Spotify seeks to hire U.S. filings expert as bankers eye IPO

Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish start-up is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.

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Microsoft and Samsung to acquire stakes in French startups -report

Tech giants Microsoft and Samsung are in talks to acquire stakes in a France-based online music startup and a video-sharing website, according to a report by French weekly Le Journal du Dimanche.

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Chicago media firm Tribune agrees to buy Gracenote from Sony in $170M deal

Chicago-based media firm Tribune has entered an agreement to purchase Gracenote, the California-based music data unit of Japanese conglomerate Sony in a deal valued at $170 million, according to a statement by Tribune.

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Spotify confirms USD500 million royalty payout this year following USD250 recent funding round

Spotify, a popular music-streaming service, confirmed its receipt of a USD250 million investment in a recent funding and also said it paid around USD500 million in royalties to artists this year.

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Spotify Valuation Tops USD 4 Billion

Spotify AB has successfully secured about USD 250 million in new financing that values the music-streaming company much higher than USD 4 billion, according to sources. With this in mind, Spotify is now almost shoulder to shoulder with Pandora, which went public in 2011 and is currently valued at USD 5.7 billion.

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Music service Spotify raises $250 million

Online music-streaming service Spotify has raised $250 million in a new funding round, making it one of the world's most richly capitalized start-ups.

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Can Spotify put the spark back to music sales?

Music streaming site Spotify could be the spark that would reignite music sales in Sweden.

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Spotify growth doubled after expansion

Spotify's revenues in 2012 grew more than twice as much after expansion.

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Spotify expands in Asian countries

The London-based online music provider tries to break into several Asian counties in an effort to race with Pandora in global expansion efforts.

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