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…
Excluding one-off items, Tencent Music Entertainment Group earned 0.57 yuan per American depositary share in the quarter, in line with analysts’ average estimate, according to IBES data from Refinitiv. In a significant development, China’s hugely successful content streaming firm Tencent Music Entertainment Group delivered its first earnings report as a public company. Although its result…
In its lawsuit Wixen Music Publishing has alleged that Spotify has made available thousands of songs to its users without getting a direct or a compulsory license from it which allows it to either distribute or reproduce the songs. Wixen Music Publishing Inc has sued Spotify, a music streaming company for allegedly using thousands of…
Although the music streaming company is keeping its cards close to its chest, a source however has disclosed its upcoming plans. Although Spotify disclosed on Friday that it has no immediate plans for an IPO, as per a source familiar with the matter at hand, the music streaming service is likely to come out with…
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