Streaming Archives

Spotify and Samsung form new partnership

11/08/2018

Spotify and Samsung form new partnership to give Samsung users a seamless listening experience between devices. Spotify has been named as Samsung’s new go-to music service provider offering the only full integration to Samsung devices which includes Bixby – Samsung’s premier voice solution. In a blog posting, Spotify CEO, Daniel Ek explained the reasons behind the Spotify and Samsung integration saying, ‘We’ve studied how people use Spotify. We know that listeners stream different kinds of […]

Verizon offers Apple Music free for 6 months in US

11/08/2018

Verizon offers Apple Music free for 6 months in US starting on the 16th August for Verizon Unlimited customers. The offer is available to new and current Verizon Unlimited customers and customers will have full access to Apple Music and can either stream their favorite songs over 4G or WiFi, or download for offline playback – all ad-free. Apple Music now has more than 45 million songs which can be accessed via iPhone, iPad, Apple Watch, […]

Huawei launches Arabic music streaming service in Middle East

09/08/2018

Huawei launches Arabic music streaming service in Middle East and partners with Rotana Records, Qanawat and Mazzika to provide access to a wide range of local and international music. The ad-free service has been launched in five countries – UAE, Saudi Arabia, Egypt, Iraq and Jordan. More countries from the region are expected to be added to that list. Huawei Music Service is pre-installed in all Huawei devices with operating system versions EMUI 5.0, 5.1, […]

DEEZER raises €160m from private investors

05/08/2018

DEEZER raises €160m from private investors and enters into an exclusive distribution agreement with Rotana to digitally distribute Rotana’s music and video content in the Middle East and North Africa region. Kingdom Holding Company and Rotana, led by Chairman HRH Prince Al-Waleed bin Talal together with Access Industries, Orange and LBO France have invested a total of €160 million in a private share placement which values DEEZER at €1 billion. The new funding will be […]

Spotify grows users, revenues and losses

02/08/2018

Despite record growth Spotify continues to lose money and is forecast to continue on a losing streak for the next two quarters according to its latest (Q2 2018) financial reports. Spotify grew its user base finishing the quarter with 180 million Monthly Active Users (MAU) and 83 million Premium Subscribers, up 30% and 40% respectively year on year. Revenue for the quarter was €1,273 million, up 26% and 34% year on year for the two […]

News

China’s Tencent Music looks to go public in US

01/08/2018

Hong Kong based Tencent Holdings has submitted a proposal to the Hong Kong Stock Exchange to spin-off its Tencent Music Entertainment Group (Tencent Music) on the New York Stock Exchange. Tencent Music is the leading online music entertainment platform in China and Chinese media sources believe that Tencent Music will be valued at between $29 bn and $31 bn after this flotation. The Initial Public Offering (IPO) is expected to raise up to $4 bn […]

French music streaming grew by 39% in first half of 2018

27/07/2018

French music streaming grew by 39% in first half of 2018 according to SNEP (Syndicat National de l’Edition Phonographique) the French music record industry association. 27 bn tracks were streamed during the first six months of 2018, an increase of 39% over the same period in 2017 and this makes up 56% of the total music market. Growth in music streaming has been consistent over the past five years with a six-fold increase from 4.5 bn streams in […]