7digital to acquire 24-7 after 15% rise in revenue and look to £3m fundraising

As 7digital’s revenues rise they look towards £3 million in fundraising and taking over their only remaining European competitor – ’24-7 Entertainment’. UK music company 7digital are making some big moves as they plan to…

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…

Somehow Napster just reported $1.6 million quarterly profit

After Rhapsody bought ex-music piracy site Napster and strangely rebranded itself with their name and logo the brand is showing it’s first profit for years. Rhapsody was one of the OG music services starting all…

Shazam downloaded over 1 billion times, now making profit

Shazam have made a breakthrough announcement, revealing that their music recognition app has been downloaded more than 1 billion times and the company is finally profitable. It’s been a long road for Shazam, the music…

Deezer to be making a profit in 2 years, says managing director

Along with many other startup music streaming services Deezer is yet to make a profit despite it’s global popularity, but they hope to change that within 2 years. Speaking on Friday to BFM Business radio,…

Glastonbury Festival 2014 Made Less Than 50p Per Ticket As Profits Plummet

Glastonbury is the largest greenfield festival in the world and brings over 150,000 people a year for the five day festival of music, dance, performance and more music. You would think that a festival as…

Digital Music Distributors Compared

We’re aware of the fact that we’re a small company compared to some of our competitors, but our cost to bands is also smaller than most of them. All of our major competitors make a…