Page 5 - Music Streaming

Music streaming giant Spotify to spend $1 bn buying its own stock

Swedish music streaming giant Spotify has announced to spend up to $1 billion between now and April 21, 2026 to repurchase its own shares.

Spotify's quarterly revenue beats estimates, paid subscribers rise 20%

The music streaming company reported a 20% jump in paid subscribers for its premium service driven by demand in Europe and North America.

China to order Tencent Music to give up music label exclusivity: Report

Tencent Music, China's equivalent to Spotify Technology SA, had been pursuing exclusive streaming rights with record labels including Universal Music Group, Sony Music Group and Warner Music Group

Tariq Faiz brings meaning to the music industry with his notable motifs

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Music streaming giant Spotify adds offline downloads on Apple Watch

The firm is rolling out the ability to download favourite playlists, albums and podcasts on Apple Watch

Tips Music announces music licensing deal with YouTube Shorts: Details here

YouTube Shorts is the latest short-video service offering by technology giant Google

Music streaming giant Spotify now has 158 million paid subscribers globally

208 million are using the ad-supported version globally.

Saregama inks global music licensing deal with short video platform Triller

Saregama on Tuesday announced a global music licensing deal with short format video platform Triller

Square to pay $297 mn for majority stake in rapper Jay Z's Tidal

Square, co-founded by Twitter Inc Chief Executive Officer Jack Dorsey, said Jay Z, whose real name is Shawn Carter, would become a member of Square's board of directors

Spotify to expand to 80 new countries, to support 36 new languages

Swedish music streaming platform Spotify has announced that it will arrive in over 80 new countries, along with rolling out 36 new languages on its platform.

Spotify quarterly revenue beats Wall Street estimates on subscriber growth

The music streaming company hit 155 million paid subscribers for its premium service

Alibaba Group to shut down Xiami streaming platform on February 5

Xiami is a music streaming app

2020, the year that was: A gloomy picture for the entertainment industry

Decimation of film business, redrawing of the video map, and possible break-up of big tech firms could be dominant trends in 2021

Music platforms remain immune to Covid-19 as investments intensify

Shamrock Capital, a private equity firm, has acquired the Taylor Swift master recordings from Carlyle Group and manager Scooter Braun for $300 million

Apple's subscription bundle of news, music and services to launch on Friday

The bundle varies by geography but generally combines Apple's news, music, video and cloud storage offerings, putting it in fiercer competition with music rivals such as Spotify

Global online music streaming revenue declines 2% in Q2, shows report

Global online music streaming revenues in Q2 of this year declined two per cent QoQ driven by sequential slump in both paid and ad-based revenues, according to a Counterpoint Research report

The show must go on: Performance artists struggle as gigs go online

Due to the lockdown, artists are turning to online shows but the concept of online concerts are still at a nascent stage making survival difficult for many

Music streaming app Gaana aims to be operationally profitable in 3 years

The platform, which has a 45 million strong library, now has 152 million monthly active users

Kuku FM raises $5.5 million from Vertex Ventures, Shunwei Capital

The deal comes in the background of growing popularity of audio platform, including local ones

The universal language

The ubiquity of the Internet on computers and mobile phones has made cross-cultural consumption substantially easy