Twitter failed to attract more monthly viewers in the second quarter, spooking investors looking for evidence that the company is on a sustainable long-term growth path. The shares tumbled more than 9% in early trading
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Spotify has surpassed 50m subscribers, extending its lead over rivals Apple Music, SoundCloud and Google as the world’s largest paid music streaming service. The service, owned by Stockholm-based Spotify, has been growing
Long a symbol of Internet-era value destruction, the music industry has scratched and clawed its way to an impressive milestone: an estimated 100m people now have streaming music subscriptions that they pay for each month. That’s more than
The different factions of the music industry – artists, labels, agents and publishers – rarely agree on anything. But on one thing they are united: streaming services are the future. Apple Music, Spotify and their rivals allow users to listen
Social networking site Twitter is expected to launch a new music discovery application this weekend, while Apple is reportedly finalising deals with major labels before entering the streaming music space to take on Spotify and Pandora, which are a growing threat to the iTunes Store. There’s a