Spotify's revenues in 2012 grew more than twice as much after expansion. Spotify's revenues in 2013 more than doubled to Eur435 million or US$577 million from last year.
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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.
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.
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.
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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After expressing his anger over Spotify's business model, Radiohead's Thom Yorke pulled out all of his music from the streaming website.
The London-based online music provider tries to break into several Asian counties in an effort to race with Pandora in global expansion efforts.
