Music Streaming | The Week in Review

In case you missed all the great music streaming news we featured this week, here’s our Platform & Stream Week In Review for May 15 – May 19.

Monday: Guvera Shuts Down; Is The MP3 Officially Dead?; Long Live the Spotify Inbox

Tuesday: Spotify, Blockchain and the Future; Sound Royalties’ $100m Bet on Unlocking Artist Income; LiveXLive Acquires Wantickets

WednesdayCompeting With Paid; The MP3 Is Not Dead; Universal Partners with Tencent

ThursdayIt’s Demo Day for Techstars Music Start-Ups; Apple Music Shifts Away From Album Exclusives

Friday: Spotify Acquires AI Start-Up Niland; SiriusXM Circles Back to Pandora

 

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Who Might be in Line to Buy SoundCloud?

Audio self-publishing service SoundCloud is at the centre of a rumour frenzy after reports surfaced that it has been struggling to raise the $100 million it needs to survive.

Investors value the brand in the region of $700 million – a $70 million cash injection from Twitter last year pegs it at the same amount – however the team will apparently listen to offers which exceed the total amount investment raised to date; a mere $250 million.

Although the economics of the business are murky for the moment, the brand does offer potential for organizations which want to play in the content arena. The team state SoundCloud has 175 million monthly unique users, though this number hasn’t been updated since 2014.

Read Article: Telecoms.com

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All The Best Music Streaming News

A daily, hand–curated newsletter that delivers the latest news and ideas about music streaming: innovations in streaming technology, new developments in monetization and copyright, the impact of data and analytics, music-tech startups, and how artists and music business execs are dealing with the new streaming economy.

HEOS by Denon Partners with Mood Media to Bring Licensed Streaming Music to Businesses

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Denon Electronics, a leading manufacturer of premium home and personal audio products, is partnering with Mood Media (TSX:MM) to make Mood Mix available on the HEOS wireless multi-room sound system. Moving beyond home use, HEOS now brings its popular wireless music experience to businesses with Mood’s commercially licensed streaming music service called Mood Mix. Through the HEOS app, available for iOS, Android and Fire devices, HEOS users can easily access the Mood music service.

“Our partnership with Mood Media is a clear signal that Denon is committed to making HEOS a staple in businesses across the country,” said Don Freeman, global vice president for marketing and training, D+M. “By combining the services Mood Mix provides along with the many outstanding features that make HEOS products so popular, we are giving businesses the opportunity to provide a sound rich environment to suit any brand and any need.”

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2016 Was a Breakthrough Year for Streaming Music

As much as streaming is now a fact of life in the music industry, in many ways it’s still a grand experiment. But Pitchfork senior staff writer Marc Hogan is particularly excited for the future of streaming platforms.

Read Article: 89.3 KPCC

Apple, Spotify, Amazon See Streaming Music As The Future

Think about the last time you actually bought a DVD or a Blu-Ray. Chances are, those purchases are in decline, if you haven’t already stopped buying them altogether. For example, you can stream movies on Netflix (NFLX), Prime Instant Video, or HBO Go. If you wanted to buy/rent a specific movie, you can download it from Amazon, iTunes, or Google Play.

Buying and owning CDs and most other physical kinds of music (with the exception of records, which have been making a comeback in niche groups) are the also way of the past and streaming is the way of the future. Technology has changed the way we listen to music.

Source: NASDAQ.com

Apple, Spotify are Generating $7 Billion a Year in Streaming Music Revenue

spotify-dataIt took the music industry more than a decade to embrace streaming music. Now it’s a thing.More precisely: It’s at least a $7 billion-a-year business.

That’s what you get when you combine the 40 million paying subscribers Spotify reported earlier this fall, and the 20 million Apple announced Tuesday, and do some (very) basic math, assuming each subscriber is paying around $10 a month.

Source: Recode

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