Anyone suggesting that Spotify’s lack of profitability will be a barrier to any IPO should take a look at Twitter’s latest financial results: the social network’s net losses grew from $42.2m in the second quarter of 2013 to $144.6m in the same quarter this year. This, despite revenues increasing sharply from $139.3m to $312.2m in the same period – a year-on-year rise of 124%. Although CEO Dick Costolo pitched the figures thus: “Our strong financial and operating results for the second...
July 30th, 2014 by Stuart Dredge
July 29th, 2014 by Stuart Dredge
Three months after revealing that they had 1.7m paying subscribers between them, Rhapsody and Napster have announced another milestone this morning: 2m subscribers. The...
July 15th, 2014 by Karim Fanous
The removal of the star button in the recent Spotify redesign has had two very clear effects on me as a music consumer and regular Spotify user: 1) I listen to less music 2)...
February 3rd, 2014 by Music Ally
This week saw Music Ally's Eamonn Forde and Stuart Dredge return to their microphone and cups of tea to talk digital music for our podcast