Spotify are making a profit for the first time in 13 years

Spotify have been leading the music streaming revolution for 10+ years and at last the company has turned a profit for the first time. Spotify have revealed their quarterly report for Q4 2018 and it…

Tencent’s stock soars making it’s co-presidents billionaires

Tencent’s entry onto the New York Stock Exchange has been up and down but last weeks boost puts them in a great position. Last month Tencent Music Entertainment made their entry on to the New…

Napster are now 84% majority owned by RealNetworks

Napster have re-positioned themselves since the name relaunched 3 years ago and now RealNetworks are investing big in their music services. RealNetworks have doubled their stake in Rhapsody International, making them a majority owner of…

Tencent raised over $1 billion their first day on the NYSE

Tencent Music’s highly anticipated entry onto the New York Stock Exchange has finally come after months of postponements. After Spotify’s successful IPO earlier this year other music services have been eyeing up an entry onto…

Tencent Music’s IPO looms and they are being sued by an investor

China’s biggest streaming service are finally gearing up for their long-awaited IPO this week, but one of their investors are unhappy with the media giants and taking legal action. Tencent Music Entertainment have been discussing…

Tencent’s IPO gets delayed again, likely to 2019

China’s streaming giant Tencent have once again delayed their plans to go public making it likely that we won’t see their IPO this year. Tencent Music Entertainment (TME) are China’s dominating streaming service with over…

Warner Music and Sony Music Own $200 Million in Shares of Tencent Music in China

Tencent Music has just filed for it’s IPO in the United States. Within that filing it was announced that Warner Music Group (through its Chinese subsidiary) and Sony Music have bought $200m of shares in…

Tencent Music set a date for their $30 billion IPO

One of the biggest forces in music business around the world, Tencent Music Entertainment are prepping their monumental IPO and have finally set a date for the event. Tencent Music Entertainment have set the 18th…

Spotify co-founder just sold $40 million in their stock

One half of the founders of Spotify has decided to sell of a massive $40 million in stock after going public has bumped their value up more than they expected. Martin Lorentzon, Daniel Ek’s other…

Spotify pass 80 million subscribers, but Apple are closing in

Spotify are still the clear leaders in music streaming as their latest shareholder letter reveals that Spotify’s user growth is still massive. Spotify have just revealed their letter for shareholders with all of the latest…