Spotify Technology plans to sell a more expensive version of its music service in Scandinavia, a test to see whether it can raise prices around the world, according to people familiar with the matter.
Vivendi is in talks to sell 10% of Universal Music Group to China’s Tencent, helping the world’s biggest music company expand in fast-growing Asian markets. Vivendi shares rose as much as 9%.
Spotify shares fell as much as 5.1% in pre-market trading on Wednesday after the music streaming company reported slightly slower subscriber growth than investors had hoped.
Apple plans to fund original podcasts that would be exclusive to its audio service, according to people familiar with the matter, increasing its investment in the industry to keep competitors Spotify and Stitcher at bay.
Spotify has launched a “lite” version of its music streaming app aimed at users in emerging markets like South Africa where data costs can be prohibitive.
Facebook is to launch a cryptocurrency next year – backed by the likes of Mastercard, Visa and PayPal – which will allow people to move money from their smartphones.
Apple has said it welcomes competition in face of accusations that it has an unfair advantage on its App Store.
In the podcast this week, Duncan McLeod and Regardt van der Berg chat about the astonishing comeback of bitcoin and other cryptocurrencies. What’s driving it? And what happens next?
When Apple went head-to-head with Spotify in 2015 by launching a music streaming service, things were always likely to turn ugly.
Spotify has reached 100 million paid subscribers, a first for any music service, adding more customers in the latest quarter than analysts expected and boosting confidence the company has lots of room to grow.