Page 3 - Music Streaming

S Korean tech giant Kakao's founder arrested for stock price manipulation

South Korean prosecutors said Tuesday they have arrested the founder of technology giant Kakao Corp. for alleged stock price rigging during his company's takeover of a major K-pop agency last year. Kim's arrest came after the Seoul Southern District Court approved an arrest warrant, citing concerns that he could flee or destroy evidence. Prosecutors have up to 20 days to investigate Kim and determine whether to indict him, according to a senior prosecutor at a Seoul district prosecutors' office. He requested anonymity because an investigation was under way. Kim faces allegations that he orchestrated and approved schemes to collaborate with the operator of a private equity fund to manipulate the stock price of K-pop agency SM Entertainment to prevent Hybe Corp., the parent company of another K-pop powerhouse behind global sensation BTS, from buying SM Entertainment, according to the prosecutor. Kim, 58, denied the allegations, according to the Seoul prosecutors' office. He was not .

World Music Day 2024: Five technologies that changed the world of music

World Music Day is celebrated every year on June 21. Over the years, technologies have evolved significantly, radically changing the way we consume music

Wynk Studio artists' songs surpass 1.7+ billion streams

The 1.7 million streams for these songs establishes how much our customers are enjoying the content while we help the artist, Amit Tripathi said

Spotify raises US prices of its premium plans in bid to push margin

On a monthly basis, Spotify has raised prices of its individual plan to $11.99 from $10.99, duo plan to $16.99 from $14.99 and its family plan to $19.99 from $16.99 in the US

Sony in talks to buy Queen's music catalog in potential $1 bn deal

Sony is working with another investor on a purchase that could potentially total $1 billion, people familiar with the matter said, asking not to be named discussing confidential information

Spotify tests Apple Music-like lossless audio feature: Know details here

Support for lossless audio enables audio streaming in high resolution. Select other music streaming services, such as Apple Music, Amazon Prime Music, and Tidal, already support lossless audio

Spotify Q1 results: Revenue increases by 14%, in line with estimates

First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million

Spotify tests AI-generated playlists feature on Android, iOS: Details here

Available in beta for Spotify premium users, the AI-generated playlist feature is currently limited to the UK and Australia

Stock of this music company has zoomed 250% in last 10 months

Shares of Tips Music had hit a record high of Rs. 530.95 on Thursday, February 29

Spotify Q4 results: Revenue up 16% at $3.94 bn, user growth beats estimates

The Swedish music streaming company has ventured into podcasts and audiobooks as it seeks to grow its user base to 1 billion by 2030

TikTok parent ByteDance to shut down music streaming service Resso in India

ByteDance, best known for its short video app TikTok, launched Resso in India, Indonesia, and Brazil in March 2020

The sound of music: Music creators in India fail to hit the right note

Publishing revenues - that is the money paid to authors, lyricist, composers - the people who actually make the music went up by 2.5 times

Spotify CFO becomes one of thousands departing the streaming service

Spotify's chief financial officer will step down next year, according to the music streaming service, just days after it announced its third round of layoffs for 2023. In a statement announcing CFO Paul Vogel's departure, CEO Daniel Ek said that the two had come to the conclusion that Spotify is entering a new phase and needs a CFO with a different mix of experiences. Spotify said this week that it would be axing 17 per cent of its global workforce, citing the need to slash costs and become profitable. About 1,500 people will lose their jobs, a spokesperson confirmed. Shortly after the layoffs were announced Monday, Spotify's stock jumped about 8 per cent. On Tuesday, Vogel moved to sell more than USD 9.3 million worth of shares, according to securities filings. Two other senior executives also cashed in over USD 1.6 million in shares, The Guardian reported. The Associated Press reached out to Spotify for further comment on Friday. Vogel will leave Spotify on March 31. Ben Kung,

Spotify Q3 results: Income at $34.1 million, growth beats expectations

"We believe moving forward, we should see pretty consistent growth in our operating income," its Chief Financial Officer Paul Vogel said

Spotify to restrict features in free tier to boost subscriptions in India

Spotify would not allow users on free tier to use rewind tracks and reorder track list features, but it would put no restriction on streaming

Spotify rolls out Showcase feature for artists to amplify work on platform

Artists can create a mobile card that can feature a particular song or an entire album as a mobile banner ad, strategically targeting particular types of listeners across 30 markets initially

Taylor Swift's Eras tour to become highest grossing tour of all time?

Swift is not even close to halfway through the tour, but she has already gone above and beyond her fans' expectations thanks to multiple surprises, major announcements and special guest appearances

Apple seeks to fend off EU antitrust charge triggered by Spotify at hearing

The iPhone maker will set out its arguments to senior European Commission officials and their peers at national competition agencies at a closed hearing in Brussels

Hong Kong protest song disappears from music streaming sites, social media

A popular Hong Kong protest song was no longer available on Wednesday on several major music streaming sites and social media platforms, after the government sought an injunction to ban the tune. Glory to Hong Kong rose to popularity during the 2019 pro-democracy protests, and became an unofficial protest anthem. In 2020, the government outlawed the protest slogan Liberate Hong Kong, revolution of our times over secessionist and subversive connotations, and the song was widely considered to be banned in the city as its lyrics contained parts of the slogan. Hong Kong, once a bastion of free speech and expression, has come under tighter scrutiny by Beijing after the unrest in 2019. Since then, its political system has undergone a major overhaul to ensure that only patriots loyal to Beijing can hold office. More than 250 people have been arrested under a sweeping national security law passed in 2020 that critics say is aimed at suppressing dissent. The song rose to the top of Apple .

Music-streaming platform Spotify testing new feature 'Your Offline Mix'

Music streaming platform Spotify is officially testing a new feature called -- 'Your Offline Mix', a playlist designed for users when they might not be online and still wants to listen