Issue 537: Spotify’s Q3 Confirm What We Already Know; Apple Wants Black Radio Listeners in Potential iHeartMedia Deal

Spotify's Q3 Results Confirm What We Already Know About The Streaming Service's Future
Spotify posted its Q3 2018 earnings results. Here’s what it can tell us about the music streaming service’s future and how it’s performing compared to its nearest rival Apple Music.

Apple Wants Black Radio Listeners in Potential iHeartMedia Deal
Apple could be attempting to build closer ties with black radio listeners by taking a stake in iHeartMedia, a network that’s extremely valuable to the music industry. They spend more time listening to the radio than any other ethnic group averaging more than 13 hours a week.

Boomplay and Universal Music Group Strike Distribution Deal in Africa
Boomplay and Universal Music Group Strike Distribution Deal in Africavariety.com
Boomplay, Africa’s leading music streaming and download service, has struck a licensing agreement with Universal Music Group.

Spotify Sets Stock Buyback of up to $1 Billion
Spotify Sets Stock Buyback of up to $1 Billionvariety.com
Aiming to boost its flagging stock price, Spotify announced a plan Monday to repurchase up to $1 billion worth of shares.

Pandora Now Makes Close to 30% of Its Revenue With Paid Subscriptions
Pandora Now Makes Close to 30% of Its Revenue With Paid Subscriptionsvariety.com
The company’s latest earnings report shows that paid subscriptions are its strongest area of growth.

How the MMA Could Redistribute Music's Wealth From Labels to Publishers -- and Impact Companies That Own Both
How the MMA Could Redistribute Music's Wealth From Labels to Publishers — and Impact Companies That Own Bothwww.billboard.com
If the newly passed Music Modernization Act (MMA) delivers more streaming revenue to music publishers and songwriters, who will see their slice of the pie shrink?

AI-music startup Popgun evolves: 'We're gonna make hit pop songs...'
AI-music startup Popgun evolves: 'We're gonna make hit pop songs…'musically.com
In June 2017, Music Ally interviewed Stephen Phillips of startup Popgun about his company’s development of an artificial intelligence (AI) called ‘Alice’.

Spotify is giving away a free Google Home Mini with its family plan
Spotify is giving away a free Google Home Mini with its family planqz.com
It’s a strategic partnership between Spotify and Google.

Pandora Adds Christine Colbert To Indie Relations Team
Pandora Adds Christine Colbert To Indie Relations Teamwww.hypebot.com

Pandora has named Christine Colbert as Senior Manager, Industry Relations – Indie. She joins the streamer from Warp Records, where she was North American Project and Communications Manager, working with such artists as Brian Eno, Aphex Twin and Grizzly Bear.

Filed under: Blog, Music, Streaming

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Jeff loves music. He also loves band t-shirts, which has become something of an obsession. There's a vintage Roxy Music t-shirt on eBay for $299 he is absolutely going to get when he starts making the big bucks.