Chinese Media Giant to Buy Karaoke App Musical.ly for $800 Million — www.bloomberg.com
Beijing ByteDance Technology Co., the company behind giant Chinese media startup Jinri Toutiao, has acquired buzzy teen social video app Musical.ly for about $800 million, according to people familiar with the deal.
Deezer Wants To Expand Your Catalog on Cheddar — cheddar.com
While Apple Music and Spotify focus on the latest and greatest in mainstream music, Deezer CEO Hans-Holger Albrecht says his company focuses on curating a locally-sourced music library.
Buy Taylor Swift's "Reputation" on CD. She demands it. — qz.com
Increasingly unloved and abandoned in the age of instant music streaming, the compact disc has been dying a miserable death. Taylor Swift, of all people, is here to bring it back.
Spotify and Deezer among platforms to join new Digital Music Europe alliance — www.musicweek.com
DME will showcase and promote the success of the European digital music industry.
SiriusXM Posts Earnings of $183 Million Third Quarter — www.billboard.com
Liberty Media, the company controlled by billionaire mogul and chairman John Malone that houses such assets as satellite radio company SiriusXM Radio, the Atlanta Braves baseball club and the Formula One racing circuit, on Thursday reported its third-quarter financials.
Pandora’s Loss Is Sirius XM’s Gain — musicindustryblog.wordpress.com
Pandora is in trouble, as explained by the consistently excellent Tim Ingham at Music Business Worldwide, after losing a billion dollars over the last four years and monthly active users (MAU) fell to 73.7 million – its lowest point since Q1 2014. Regular readers will know that I’m a long-time advocate of Pandora’s model. Indeed,…
Spotify data glitch sees label playlists' follower counts fall — musically.com
A technical error has led to a drop in the follower counts for a number of Spotify playlists, but the streaming service says it is correcting the problem.
Streaming services helping Americans listen to more music — techaeris.com
The US streaming music market is the largest in the world, driven by Spotify’s 38 percent subscriber base. The average US music listener enjoys 35.7 hours.
The iPod Shuffle for Spotify can actually shuffle your songs now — www.engadget.com
Mighty is basically an iPod Shuffle for offline Spotify playback, but when I reviewed it over the summer it was missing that namesake feature. Well, not anymore…