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…

Radio is losing out to Pandora and Spotify

Radio has survived the digital age of music so far with listeners still coming to terrestrial stations first, but it’s the brands who are abandoning ship. A study earlier this month found that Americans are…

Sirius XM Holdings Agree to Acquire Pandora: Creating The World’s Largest Audio-Entertainment Company!?

Sirius XM Holdings has agreed to acquire Pandora for $3.5 billion in an all-stock transaction. The announcement was made this morning and it will create the world’s largest audio-entertainment company. “We have long respected Pandora…

Apple get EU approval to acquire Shazam

Apple have been eyeing up Shazam since last year hoping to buy the music recognition software and they’ve just been given the ‘okay’ from the EU. Last December, Apple announced plans to acquire Shazam. Purchase…

Gibson may emerge from bankruptcy, new guitars on the way

Gibson are synonymous with guitars after a 100+ year legacy, so their bankruptcy came as a shock. But it looks like they might crawl out from it yet. Back in May of this year we…

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 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…

The world’s biggest ticketing company look to go public after Spotify success

After Spotify went public, very successfully, it seems to have set off a chain reaction in the music industry with Sonos looking at an IPO and now ticketing giants Eventbrite are the latest to make…

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…

Sony will own 90% of EMI publishing after a $2.3 billion deal

Sony are taking a massive controlling stake in major music publishers EMI after acquiring a giant 60% share on top of their existing 30%. Sony Corporation are making a massive investment to take over a…