Every week, we’re sharing the latest news and information for the music industry and technology worldwide.
Get your learn on and stay in the know with Symphonic’s Music Industry News Roundup!
Spotify Is Building Its Own Speakers and a Bunch of Hardware Products
Can Spotify branch its business model beyond streaming music?
Say hello to the smart speaker — and a bunch of other hardware — by Spotify.
\\ Via Digital Music News //
Facebook Adds Licenses For 31M Tracks, 290K Rightholders
Facebook has taken another major step forward in its push to legally licence and compensate the creators of music used on its platforms, announcing a deal with ICE, the European licensing group and database for 31 million works from PRS in the UK, STIM in Sweden, GEMA in Germany and others.
\\ Via Hypebot //
Pandora Just Shared User Stat No Streamer Ever Has
As part of its quarterly report to investors yesterday, Pandora, shared a stat that no other music streamer has ever dared to share: the number of new paid subscribers not including current free trials. Competitors Spotify and Apple Music have a history of discounts and special promotions prior to announcing their user stats.
\\ Via Hypebot //
Pandora Reports $395M in Q4 2017 Earnings, 25 Percent Subscriber Growth
Earnings from new subscribers offset a decline in advertising revenue amounting to an adjusted EBITDA of $5.8 million.
\\ Via Billboard //
Songkick Partners With Facebook, Active Users Rise 43%
Songkick, the concert discovery app acquired by Warner Music Group last year, has inked a partnership with Facebook to add concerts and events from its database onto the social giant. Songkick also announced a deal with French and Belgian retailer and ticket seller FNAC.
\\ Via Hypebot //
