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 […]
Tag: IPO
Posted inNews
Facebook reportedly tried to buy ‘Asian Snapchat’ Snow
Remember the days when Facebook tried to buy Snapchat for $3bn? Three years on, the social app is reportedly shooting for a valuation of up to $35bn in its IPO […]
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Snapchat parent reportedly planning $25bn IPO
Snap Inc, the newly rebranded parent company of Snapchat, is preparing to go public in the spring of 2017, according to the Wall Street Journal. It claims Snap is “preparing […]
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“Did Daniel Ek just say that Spotify is buying SoundCloud?” No.
The dopamine hit from clickbait headlines will do for us all at some point. Nordic Business Insider has picked up on an interview with Spotify co-founder Daniel Ek on TV4 in his homeland of Sweden and suggested that, “reading between the lines”, the company might be planning to buy SoundCloud. Or copy SoundCloud. Or do something related to SoundCloud. Or whatever.
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Guvera India “in a state of chaos”
Crowdmix is not the only new music company having a hard time of it. Australian ad-funded streaming service Guvera was blocked from going for an IPO in June by the Australian Securities Exchange and had to close its operations in a number of markets.
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Deezer will be profitable by 2018
That’s the claim from Alexis de Gemini, the streaming service’s MD. He said this in an interview on BFM business radio, subsequently picked up by Digital Music News.
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Guvera battling on after IPO blockage
Streaming firm Guvera’s much-discussed IPO was recently blocked by the Australian Securities Exchange (ASX). Now the company is mulling its next moves, including seeking more money from its shareholders.
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Line IPO could raise more than $1bn for social network
Japanese messaging app Line is preparing for its delayed IPO on the Tokyo and New York stock exchanges.
The company has announced that it will price its IPO at between $26.50 and $31.50 a share, potentially raising as much as $1.09bn from the flotation. The final price will be set on 11 July, according to Line, which has 218 million monthly active users – albeit with two thirds of them concentrated in its four biggest markets, Japan included
Posted inReports
Report 392 – Burning Question
In our Cover Feature we look at the chaos surrounding both Cür and Guvera and what this tells us about the state of digital music in 2016. The market is tilted towards failure and even long-standing services, despite approaching scale, are still not making the numbers add up. The music industry needs more of these services to fly as the alternative – a total loss of bartering power in the vacuum of a duopoly – could be the worst thing that ever happens to it.
In Beyond Music we look at how Netflix is making subscriptions and tiered pricing work – and all with a partial catalogue but while simultaneously investing in new content. Music needs to pay closer attention to this digital TV revolution.
This week’s country profile is Spain that was, just six years ago, close to being dismissed as a lost cause. Free is the reality in the market but, with the move from downloads to streaming, this is proving a lifeline rather than a noose.
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Posted inAnalysis, News
Deezer files for IPO after €142m of revenues in 2014
Music streaming service Deezer is going public, with plans for an IPO by the end of this year via the Paris stock exchange.
According to the Financial Times, Deezer’s filing comes after the company generated €142m of revenues in 2014. Its CEO Hans-Holger Albrecht claimed that it expects 35% growth in 2015, rising to €750m of annual revenues by 2018 – by which point he hopes Deezer will be breaking even.
“We can really see that streaming is picking up,” Albrecht told the FT. “This is just the beginning of the curve.”
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Outgoing Twitter CEO: going public caused ‘short-term thinking’
Dick Costolo is on his way out as Twitter CEO, and in one of his final interviews he admitted that going public was a barrier to the company’s “long-term vision”. […]
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Spotify’s new CFO helped take Netflix and Pandora public
What to do after helping a high-profile subscription-based entertainment service go public? If you’re Barry McCarthy, you join another high-profile subscription-based entertainment service that’s on a path to an IPO. […]