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...
November 26, 2015
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...
July 23, 2015
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...
June 29, 2015
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...
June 19, 2015
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...
June 12, 2015
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...
March 18, 2015
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...
February 20, 2015
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...
January 30, 2015
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...
January 26, 2015
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...
January 20, 2015