Artists and record companies lose about R39-billion in revenue annually because small business owners typically stream music from personal accounts rather than a commercial-use licence.
Sirius XM Holdings has agreed to acquire Pandora Media in a $3.5-billion deal, helping the satellite-radio company controlled by billionaire John Malone expand into online music.
The Spotify app will be available when customers set up their new Samsung phones, a deal that could boost the music streaming service’s user base.
Spotify Technology gained more subscribers than expected, but it wasn’t enough for investors who are worried about competition from Apple and Amazon.com.
Chinese Internet giant Tencent, in which South Africa’s Naspers has a 31.2% stake, is planning to spin off its online music entertainment business and list its shares in the US through a public offering, the company
It took more than three hours on Tuesday morning to get Spotify trading publicly, in a stock sale as unorthodox as streaming digital music once seemed. Spotify Technology’s shares – sold via a direct
Spotify will begin trading on the New York Stock Exchange on 3 April, just a week after the company plans to provide its most recent annual financial guidance.
The music-streaming subscription service