Spotify, Deezer Back Call to Regulate App Store Owners; Kobalt’s Big Funding; Pandora Nabs $150 Million Investment
Spotify, Deezer Back Call to Regulate App Store Owners — www.completemusicupdate.com
Spotify and Deezer were among the companies to sign a letter to the European Commission last week complaining about what they see as an abuse of power by the likes of Apple and Google in relation to their respective mobile operating systems and app stores.
Music streaming service Pandora nabs $150 million investment as it mulls selling up — venturebeat.com
Pandora Media said on Monday that KKR & Co LP has agreed to invest $150 million in the music streaming service, while the company explores strategic alternatives, including a sale.
The Podcasting Industry Still Hasn’t Dealt With Security Threats — observer.com
We reached out to a bunch of podcast production companies about data security following the Netflix breach. Their silence spoke volumes.
Spotify Adds ‘Spotify Codes’ To Make It Easier To Share Songs With Strangers — www.forbes.com
Spotify has added Spotify Codes in order to make sharing music (with strangers or friends) much easier, or more complex, depending on how you look at it.
Kobalt Secures $75 Million In Funding — www.forbes.com
The company, which focuses on publishing and neighboring rights, now has plenty of cash to burn through.
Music labels explore new business in age of streaming — japantoday.com
With CD sales on the decline in an age of ever-expanding music streaming, some recording labels in Japan are groping to create new businesses, such as holding fitness events featuring popular animation music or even starting an investment firm specializing in entertainment projects.
Audio Startup 60dB Upgrades Streaming App for Short Radio Stories — www.xconomy.com
In the smartphone era, many music fans are abandoning downloads and even broadcast radio in favor of subscription-based streaming services.
Virtually live — www.iq-mag.net
With billions of dollars of being poured into the development of VR technology, live music is regarded as one of the key markets for the sector.
Music Application Smule Raises $54 million in Tencent-led Round as it Eyes IPO — www.reuters.com
Social media music company Smule has raised $54 million in a financing round led by Chinese technology giant Tencent Holdings Ltd, which it will use to fuel international growth, the company said on Monday.
Growing Music Streaming Industry Leaves Performers By The Wayside, Speakers Say — www.ip-watch.org
There is growing worry and resentment among music performers around the world about the low level of their remuneration and the fact that they are mostly missing their share of the internet music streaming pie, according to speakers at an event held at the World Intellectual Property Organization this week. Performers need a change in international rules, in particular a right to remuneration, they said.