Spotify’s third quarter earnings show the streaming firm’s first profitability, but the feat was more spreadsheet sleight of hand than earnings increase, and Spotify predicts it will be once again in the red for its fourth quarter. The tax break stems from Spotify’s 2017 stock-swap with Chinese streaming giant Tencent Music Entertainment Group. After the […]
Spotify and Shazam both released their song of summer picks, and in a show of seasonal solidarity, there is some crossover: Selena Gomez, Sean Mendes, Luis Fonsi and DJ Khaled and Lil Uzi Vert are the five double-entries. Spotify’s list tilts toward rap while Shazam gives pop equal time. “Summertime is the season of sunny weather, good vibes and […]
Free streaming and albums are still around, while hi-res audio not so much, according to this pithy account by Forbes columnist Cherie Hu. Read her insightful piece piece 3 Music Predictions That Flopped.
Music service Tidal this week begins providing MQA audio to subscribers, promising a “studio-quality” sound streaming experience for subscribers to its Tidal HiFi package. The MQA, or Master Quality Authenticated, experience will be available only via desktop app, to those who pay $19.99 a month for Tidal HiFi. The MQA streams will be 96 kHz/24 bit, about double the standard Tidal HiFi […]
In the wake of Apple shutting down Beats and Rdio filing bankruptcy, the industry is taking stock of the online music business models, trying to suss out who will be left without a seat in the next round of musical chairs. With the record labels clamoring for larger tributaries of the streaming cash flow, and the big players like […]
