On Monday, digital music company Believe stated it plans to come out with a stock market listing in Paris with an aim to raise around $608 million (500 million euros) so as to finance its expansion. Believe’s digital music brands, Believe Distribution Services, TuneCore, Groove Attack, Nuclear Blast, Naïve, and AllPoints, compete in a sector…
On Tuesday, Spotify Technology SA made its long-awaited debut in South Korea marking its entry into the sixth largest music market in the world. Spotify has a market presence in more than 90 countries and has entered into several new markets in the last two years including India, Middle East and Russia. It will have…
In an effort aimed at consolidating its position in the music streaming service, Amazon.com Inc stated it has introduced an ad-supported free version of its music streaming service called Amazon Music. Incidentally, Spotify Technology, Amazon Music’s rival, has nearly 140 million users for its free version. For its paid version, Amazon Music’s plans start at…
Spotify, Apple’s rival, has 100 million subscribers. Apple Inc has stated, its online music streaming service has garnered more than 60 million subscribers. Industry leader, Spotify Technology SA, has 100 million premium subscribers. The disclosure made by Apple’s senior vice president of services, Eddy Cue, was confirmed by Apple’s spokesman. Since May 2018, Apple had…
Apple’s unfair business practices had led Spotify to lodge a complaint with the EU’s antitrust regulators. In a potentially significant development, Spotify has filed a complaint with the European Commission against Apple saying Cupertino unfair business practices limits rivals to its own Apple Music streaming service. According to Spotify’s complaint, “Apple’s control of its App…
With a population of 1.3 billion and with more than 400 million smartphone users, India is a massive market for streaming service. In less than 7 days, Spotify Technology SA, the world’s most popular paid music streaming service, has racked up more than 1 million unique users in India across its free and premium services.…
This strategic move sees Amazon.com increasing its cooperation with Apple and is probably aimed at boosting its market footprint at the cost of Alphabet’s Google. On Friday, in a move that marks increased collaboration between two tech giants, Amazon.com Inc stated, Apple Music will become available on its Echo smart speakers starting December 17, 2018.…
Putting to rest all talks, in an interview with Variety, Jimmy Iovine, the co-founder of Interscope Records made it amply clear that he will continue to be associated with Apple Music. Variety, a publication, reported that music mogul Jimmy Iovine will be staying at Apple’s music streaming service thus putting at rest all the noise…
business-gurus.com 