Tag: financials

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High-end speakers manufacturer Devialet raises €100m

While Amazon’s Echo, Google’s new Home and established firm Sonos tend to get most of the headlines around connected speakers, new models and companies are emerging too. French startup Devialet has been winning praise...
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Vevo takes a pop at ‘wallpaper’ audio-streaming services

Vevo has been defending its current ad-supported music-videos model, while reiterating its plans to move into the subscriptions market. “Because of the nature of video, we have an ability to monetise the advertising side...
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Pandora analyst brackets Spotify with YouTube for royalties

As Pandora prepares to enter the on-demand streaming market, its music insights and analytics man Glenn Peoples has been firing a few shots in the direction of YouTube… and Spotify. His latest blog post takes aim at on-demand...
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SACEM confirms role in What.cd shutdown

We reported last week on the shutdown of torrent site What.cd after a raid in France, which was linked to collecting society SACEM. It has now confirmed its “important role” in the shutdown, according to Billboard. “The...
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Anti-piracy firm Rightscorp unsure about future

Rightscorp may have played a major role in BMG’s successful lawsuit against ISP Cox Communications over copyright infringement, but the anti-piracy firm continues to face financial challenges in its business. Its latest...
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Snapchat has filed (secretly) for its IPO

Snapchat’s parent company Snap has filed for its long-awaited IPO, although for now financial data about the company remains under wraps. That’s because it has taken advantage of US legislation that enables companies...
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UK ticket agency Gigantic signs deal with Twickets

Face-value resale platform Twickets has another partnership to announce: with British ticket agency Gigantic. Twickets is now Gigantic’s official ticket resale partner: when a concert is sold out, Gigantic’s site will...
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VR music startup MelodyVR raised £3.4m before launch

British virtual reality music startup MelodyVR is preparing to launch its app, which will provide a catalogue of live performances filmed for VR headsets. Ahead of that the startup, whose parent company EVR Holdings is publicly...
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BMG’s parent has big plans for China, India and Brazil

Media group Bertelsmann, the parent company of music firm BMG, is setting its sights on emerging markets in the years ahead. The company is planning to double its investment in “growth regions” like China, India and Brazil...
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Napster posted a $1.6m profit for its latest quarter

A profitable music-streaming service? That’s crazy talk! Yet Napster did indeed record a net profit of just over $1.6m in the third quarter of 2016. That’s according to the financial results of RealNetworks, which still...
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Streaming still growing strongly for Universal Music

Vivendi’s latest quarterly financial results provide more data on the growth of streaming income for Universal Music Group, continuing the group’s key trend of 2016. Overall, UMG’s revenues for the first nine months...
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Metadata management startup Beatroot raises £125k

UK-based music metadata startup Beatroot is preparing to launch out of beta, after raising £125k of funding from Creative England. The company’s platform soft-launched in late 2014, aimed at labels, publishers and production...