Spotify edge ever closer to making a profit with a great Q3

Spotify have been in the game a long time now, over 10 years, but the worldwide startup taking the world by storm with music streaming is still on it’s journey to profitability.  As Spotify approach…

Pandora just lost $250m selling Ticketfly event ticketing to Eventbrite but could spell partnership

Shortly following a giant $480 million investment from Sirius XM, Pandora have sold on ticketing company Ticketfly for a massive loss. Ticketfly’s ticketing business has been sold on to Eventbrite, a much larger company cut…

Live Nation shuts down advertising unit after financial losses

Live Nation have recently announced the closing of its advertising unit after reporting trouble generating revenue. This has caused 12 people to lose their jobs on the spot. This project was called ‘Vice Media Shutter…

SoundCloud raise $70 million in debt funding following “uncertainty”

SoundCloud have managed to acquire a massive $70 million in loan funding, earlier than their 2015 accounts predicted they would need to raise funds. According to new filings with the Companies House in the UK…

Sony inspired by indie music for unifying it’s entertainment divisions

Sony are looking into a major reorganisation that would bring together their gaming and film divisions into one focussed entertainment group. Many indie music companies have found success using the unified rights model, a single…