MOG Gains New Investors

mog logoNot to be outdone by streaming competitors Spotify, who are rumoured to have gained a new funding partner (and consultant) in the form of Napster/Facebook founder Sean Parker, MOG have announced second round funding of $10,000,000 dollars, which they plan to use to take the platform into Europe, as well as funding Stateside expansion. As things stand, the two competitors are entrenching in their home territories, but the date of their confrontation on one side of the Atlantic must be drawing closer, even though no dates have been mentioned by either team. MOG’s monthly subscription is less than half the price of Spotify’s, but Spotify has major label backing, plus a vocal and passionate fanbase. Pandora are keeping their heads down, and quietly getting on with dominating the internet-radio and car dashboard scene, but the clash between these two will likely define the major player in on-demand streaming. The future of this type of music consumption is far from gilt-edged, however, as Spotify are still struggling to up their paid (£9.99 a month) subscription rates to supplement their ad-funded service, while MOG are operating at about a 17% conversion rate from their free trial to a $5 a month subscription. Whether either of these approaches will be successful enough to fund them in the long term remains to be seen, but given the high level of uptake, there is certainly a market for on-demand. Who gets to service it is currently being decided.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Amazon Music make spatial audio available with any headphones

Spatial audio on Amazon Music no longer requires any special equipment. All you need is your phone and existing pair of headphones.

Apple’s Logic Pro update brings new features for creating music in spatial audio and Producer Packs

Logic Pro 10.7 introduces tools for spatial audio, royalty-free beats from top producers, and performance updates for the new MacBook Pros.

One comment

    For ages I’ve been wandering what MOG actually is. I’ve seen it round facebook but never really showed much interest. I also agree about the market for on demand music We have On Demand TV so why not Music!

Leave a Reply

Your email address will not be published. Required fields are marked *