India’s top streamer Saavn grew profits by 3x in one year

India is falling in love with the joys of music streaming and their native service Saavn is reaping the profits as the country goes digital for their tunes. Indian music streaming service Saavn have had…

Spotify CEO wants “one million artists to live off their work”

Daniel Ek has spoken on what he wants for the future of Spotify saying that he wants more artists to make a living from music streaming. At Spotify’s Investor Day earlier this month Spotify’s CEO…

Music streaming creates second year of massive revenue growth in 2017

The music industry has been showing massive surges in growth in recent years and new reports show it’s only getting bigger. Thanks to the meteoric rise of music streaming in recent years profits in the…

Vevo nearing profit as revenues boom with 50% rise in views

Vevo look to make a profit in 2018 as their platform grows and they look to re-negotiate their deals with YouTube. The music video platform owned by major labels, primarily Universal Music Group, looks like…

Deezer to face up to Spotify, including a potential SoundCloud buyout

A few months after SoundCloud were reported to be broke and likely bought out soon they have, so they say, recovered. But Deezer still have their eyes on the streamer. It’s been a tough year…

SONGS, publisher behind Lorde, The Weeknd & more up for $160m+ sale

The independent music publisher SONGS is going up for sale, with the majors like Warner, Sony and Universal likely keeping their eyes peeled. SONGS music publishing are responsible for some of the world’s biggest artists…

Warner Music Group (WMG) have already made $2.7 billion this year, thanks streaming

Warner Music was sold for $2.6 billion in 2004, and now roughly ten years later WMG have made more than that in 7 months. So if you haven’t noticed music streaming is massive, so massive in…

Spotify and Sony put behind conflict and sign major deal

Another major label has come to and signed a deal with Spotify cementing their music licenses and making a Spotify IPO more likely. Spotify have spent the past couple years negotiating with the major labels,…

Indian music streamer Saavn says they will be profitable next year

Saavn, India’s favourite music streaming service, has revealed that they expect to start making a profit by the end of 2018. Speaking this week Saavn revealed their major successive growth in recent years, saying that…

Tim Westergren steps down as CEO after 17 years at Pandora

Pandora CEO and one of the streaming service’s founding members Tim Westergren is set to step down from Pandora top-dog soon. According to Recode Tim Westergren has decided to step down from his position as CEO…