Don’t cross the streams: Netflix to make series about the rise of Spotify December 11, 2019 As the streaming wars heat up, media firms are increasingly looking to get ahead of their rivals. But now it appears Netflix may be willing to bury the hatchet – by producing a series about its audio streaming rival Spotify. Netflix today said it will air an untitled scripted show that documents the rise of [...]
Spotify finance boss behind streaming giant’s direct listing steps down October 28, 2019 The Spotify finance director who masterminded the streaming giant’s unorthodox stock market float is stepping down from the company. Chief financial officer Barry McCarthy will retire in January and will be replaced by Paul Vogel, who is currently the firm’s head of investor relations. Read more: Spotify fails to hit the right note as subscriber [...]
DEBATE: Will owning status symbols become a thing of the past? October 8, 2019 Can we really foresee a time when owning status symbols will be a thing of the past? YES, says Mark Davis, co-founder and creative director of property branding agency me&dave. It’s already happening. The way we live is changing, as are the things we care about, and this is affecting our attitudes to the old [...]
Spotify fails to hit the right note as subscriber numbers miss expectations July 31, 2019 Spotify’s subscriber growth hit the lower end of its guidance in the second quarter, sending shares down in pre-market trading. The music streaming platform said it now has 108m premium subscribers, up 30 per cent on the year before. Read more: Music streaming firm Roxi plans London float as it looks to take on Spotify [...]
Music streaming firm Roxi plans London float as it looks to take on Spotify July 15, 2019 British music streaming firm Roxi Music has appointed advisers for an initial public offering (IPO) on the London Stock Exchange later this year. Roxi, which boasts a string of celebrity backers including Alesha Dixon, Sheryl Crow and Robbie Williams, said it will float on the Aim market in the fourth quarter 2019. Read more: Music [...]
Music royalties firm PPL collects record revenues of £247m for artists May 14, 2019 Music licensing company PPL has reported its highest-ever annual revenues as it paid out to a record number of musicians and rights holders. PPL, which is one of the UK’s two main royalties agencies, collected revenues for its members of £246.8m in 2018, up 13 per cent on the previous year. Read more: Hipgnosis snaps [...]
Hipgnosis snaps up rights to music catalogue of Eurythmics co-founder Dave Stewart May 10, 2019 Music royalties investment firm Hipgnosis has bought the rights to more than 1,000 songs written by Eurythmics co-founder Dave Stewart. Read more: One Media IP shares jump as streaming boosts profits The songwriter and record producer is best known as one half of pop group Eurythmics, which he formed in 1980 with eight-time Brit Award [...]
Not so lucky: Google’s share price falls eight per cent after disappointing results April 30, 2019 Shares in Google’s parent company Alphabet fell more than eight per cent in early trading in the US today after its results for the first quarter disappointed last night. Revenue rose 16.7 per cent to $36.3bn (£27.8bn) for the three ended 31 March, its slowest pace in three years, missing analyst estimates of $37.3bn according [...]
Spotify reaches 100m premium subscribers as it marks milestone in first quarter April 29, 2019 Spotify hit 100m premium subscribers in the first quarter of this year, as the music streaming platform expanded into India and saw a positive uptake of new services. The number of premium subscribers paying for the streaming service jumped 32 per cent to 100m driven by the expansion of its Google Home Mini promotion, which [...]
Avengers, Assemble – Marvel’s superhero franchise can teach your business how to tackle digital disruption April 29, 2019 It’s fair to assume that for Marvel fans sitting down to watch the recently released Avengers: Endgame, their first thought won’t be what it teaches us about digital disruption – they’ll be wondering how the dream team will defeat the Mad Titan Thanos, and who will still be standing when the credits roll. However, with [...]