Stage dive: Spotify opens down after disappointing subscriber outlook November 1, 2018 Spotify may post its first ever profit this year as the company wiped out a major part of its loss in its third quarter of trading. But promising results did not translate into success on the stock market as the streaming service dropped on the back of its subscriber predictions. The figures Paying users flocked [...]
The comeback kid: HMV tops Amazon in UK physical sales October 29, 2018 British entertainment retailer HMV has staged a comeback in the face of Amazon’s increased dominance to become the largest physical music retailer in the UK. In the 12 weeks to 23 September, HMV experienced market share growth for the second consecutive quarter to a total of 28 per cent, according to data published today by [...]
Spotify heads to the Street for third quarter earnings after stock slump October 28, 2018 Music streaming service Spotify is expected to report a slight rise in revenues when it publishes its third quarterly earnings on Thursday, after having dropped below its initial listing price amid a wider stock slump in the sector. Consensus estimates collated by S&P Global Market Intelligence have anticipated revenue of €1.34bn (£1.2bn) for the three [...]
London firm to launch Spotify-style partner services with Universal Music Group September 24, 2018 London-listed music technology firm 7digital will today reveal a partnership with Universal Music Group, the record label behind artists such as Taylor Swift, Elton John and Lady Gaga, to create new bespoke music partner services attributed to individual artists. The deal will see 7digital power online stores for artists through which fans can buy access [...]
September 17, 2018 To paraphrase Game of Thrones, the internet is dark and full of terrors. We’re all aware of issues on the web: the proliferation of hate speech, fake news, offensive content, easy access to pornography or violent images, even terrorist propaganda. For individuals wanting to safely navigate the online world, it’s easy to avoid the darker [...]
The Grosvenor Estate weighs up move to become a serviced office space provider September 13, 2018 It might be one of London’s oldest landlords, but the Grosvenor Estate is mulling a move into one of the property market’s newest trends. In a bid to cash in on the growing popularity of serviced office spaces, the Duke of Westminster’s Mayfair business confirmed it is weighing up the idea of challenging market giants such [...]
Apple Music attracts 11m subscribers in first month, closing in on music-streaming rival Spotify August 6, 2015 Apple has attracted 11m users to Apple Music, its music-streaming service currently in free trial stage. The company revealed the first public figures in an interview with USA Today, as Eddy Cue, senior vice president of internet software and services, commented: We’re thrilled with the numbers so far. Apple Music launched on 30 June and [...]
Spotify’s musical map of the world: These are the most popular songs in London, Manchester, New York, Berlin, and every major city around the world July 14, 2015 Londoners love Jamie xx while New Yorkers prefer the tunes of The Chainsmokers, and everyone loves a bit of hip hop. That's the musical tastes of music fans around the world, based on their listening habits of more than 20bn tracks in more than 1,000 cities around the world. Spotify has created a musical map [...]
Streaming is believing: The race for streaming supremacy is on June 29, 2015 Don’t we just love a media-fuelled battle for supremacy, the winner in the ‘big race’, Goliaths all lining up for the 100 metre Dad’s dash? The truth is, in the mega-subscriber streaming market the gun went off years ago. The battle for streaming kingship is, as they say, a marathon not a sprint and [...]
Spotify reveals user numbers after Apple Music launch as TeliaSonera funding pushes valuation to $8bn June 10, 2015 Spotify has revealed the number of users it has, just days after the launch of a rival music streaming service by Apple dubbed a "Spotify killer". The service which made music streaming popular now counts 75m active users – growth of 88 per cent since May last year – while the number of subscribers has [...]