Page 3 - Music Streaming

After AR Rehman, his bassist Mohini Dey announces separation with husband

Hours after the news of AR Rahman and Saira Banu's divorce, the former's bassist Mohini Dey and composer Mark Hartsuch have also announced their separation

Records for the ages: How vinyl became a hit among music lovers again

Collectors treasure them for rarity, nostalgia and sound quality

Spotify temporarily goes down; more than 40,000 people report outages

The music streaming service Spotify was down temporarily on Sunday, leaving thousands of listeners without access to tunes and podcasts. More than 40,000 people reported outages with the music platform on downdetector.com, a website that allows users to report problems with popular apps and services. Spotify wrote on X Sunday afternoon, We're aware of some issues right now and are checking them out! Responding to the post, Spotify users complained about the outage disrupting workout routines and plans to stream a playlist at a child's birthday party. About an hour later, the streaming service posted that everything was looking much better. The app appeared to be working normally. Millions of people use Spotify, which was the largest streaming service in 2023. The music platform reports having more than 626 million users, with 246 million subscribers.

AI tools, fake songs, and $10M fraud: US musician indicted for royalty scam

The musician and his accomplices allegedly set up around 10,000 fake profiles to stream these songs, carefully distributing streams to evade detection by avoiding abnormal listening spikes

Universal Music Group shares drop 30% as streaming growth disappoints

"The speed and quantum of the slowdown in subscription revenues caught the company and analysts by surprise," JPMorgan analysts said in a note

YouTube Music updates artist pages on Android and iOS for easier navigation

The improved artist page makes the layout compact. The redesign is a server-side update and users will not have to manually update the app for the changes to be visible

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