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
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A parade of up-and-coming musicians from Universal Music took the stage at the Ace Hotel in downtown Los Angeles in California on Saturday in a pre-Grammy Awards performance for a room
Apple is taking additional steps to expand its US$10/month (R60/month in South Africa) music subscription service beyond just offering songs. In a bid to differentiate itself from Spotify, which has about twice as many subscribers
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
Outside Sweden, Daniel Ek isn’t a household name. That will probably change this year when the 33-year-old seeks to turn Spotify, the music streaming business he founded a decade ago in Stockholm, into a publicly traded company that
For the last few years, Barclays’ annual research reports about the music industry reflected the challenges of a business in transition — or, more specifically, one that had slowed a rapid decline but had not returned to growth. In 2014, as track sales fell, the
Apple has hitched itself to music celebrities to pitch Apple Music, the US$10/month (South Africa: R59,99/month) digital service launched a year ago. There was the very public catering to Taylor Swift. Apple broke out its
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
Taylor Swift is quickly becoming the lynchpin of the debate concerning streaming royalties. The issue of fair payment for artists and labels is a subject of much consternation in an industry that is increasingly shifting
Digital music downloads and online streaming sales have now overtaken sales of CDs and records for the first time, underscoring just how fundamentally the internet has changed the way we consume