Tag: australia

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Guvera raises $72.2m and plans IPO – but lost $58.6m last fiscal year

Australian digital music firm Guvera has startled the industry by announcing an AU$100m ($72.2m) funding round, while talking up its plans for an IPO. Yet the company's latest financial results reveal that it lost AU$81.1m...
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Guvera shareholder offloads millions of shares but the service is getting a “large cash injection” soon

We can’t say that mUmBRELLA pops up on our RSS feed too often but it has a very intriguing story about Australian music service Guvera. It reports that a major (but anonymous) shareholder in the service has taken out an...
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GiggedIn raises $500k in new funding

Australian live music crowdfunding and ticketing platform GiggedIn has secured $500k in seed funding from a range of investors including BlueChilli Venture Fund, Blacksheep Capital, QUT Creative Enterprise Australia, Dominet...
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More indie bodies publish concerns about Apple Music

This is starting to feel like dominoes now: the independent music associations in Australia, France and Germany have all added their voices to the growing dispute between indie labels and Apple over the terms for its new...
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Australian anti-piracy measures move closer to becoming law

It has been brewing for a while and a bill was introduced in March, now it seems Australia’s anti-piracy legislative measures are well on their way to be implement in law. Key to the measures will be the ability of rightsholders...
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Music Ally Report 362 – Split Infinitives

Our cover feature looks at the arguments for and against writers and performers getting a larger share of digital income. Enormously costly and wasteful parts of the record business are removed with the jump into digital...
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Country Profile – Australia 2015

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Samsung Milk Music launches in Australia, but Merlin protests

Australia is one of the most crowded markets for streaming music in the world right now, with numerous services jostling for attention. That isn’t putting Samsung off: it has launched its Milk Music personal radio service...
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Guvera says it’ll be live in 100 countries by Christmas

Australian streaming music firm Guvera has been signalling aggressive global expansion plans, following its acquisition of Blinkbox Music in the UK. “We plan to be in up to 20 new markets by June, and up to 100 markets...
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CD’s sales decline still hurting in Australia and Norway

For all the talk about streaming / downloads cannibalisation, one of the biggest factors in overall growth for the recorded music industry remains physical sales – from countries like Germany where CD sales have held up...
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Tesco tipped to sell Blinkbox Music to Guvera

Tesco has just sold its Blinkbox Movies service to British ISP TalkTalk, but it seems its Blinkbox Music service may also be finding a friendly buyer: Australian digital music firm Guvera. The Financial Times reported yesterday...
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Australian Piracy and Digital Consumption, December 2014

This infographic is an extract from the Music Ally Report