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Those up on the numbers know not to believe the hype...despite the constant media coverage devoted to Spotify and streaming as the future of the music industry, if you've read up on the subject you'll know that the service has yet to turn a profit. David Lowery, a noted critic of the streaming frontier and professor at the University of Georgia's music business program, has published a new report suggesting that Spotify in particular is shooting itself in the foot. Apparently special rates offered to college students aren't helping the bottom line. -
Spotify Partners With Musixmatch to Add Lyrics to Desktop App
Spotify has announced a new update for its desktop app that will give users the option to show lyrics while they listen to songs using the streaming service. The new update will be rolled out in the next few weeks implementing a simple "lyrics" button at the bottom right of the screen. -
Independent Music Label Reveals What Streaming Services Pay Best: YouTube Looks Nice While Spotify Lags (Last Place Might Surprise)
If you're engaged with the debate over how much streaming services such as Spotify are paying performers for their wares and want to take your business to those who reward performers most, this chart from Digital Music News might help you in your quest. The site got data from an American independent label (unnamed to protect the imprint's business interests) with a global distribution deal with a "major" digital distributor. -
Copyright Law May Allow Taylor Swift, Prince et al to Pull Covers from Spotify and Streaming Services As Well
Taylor Swift made headlines during the end of 2014 by pulling her catalogue from Spotify, preventing listeners from checking out her sick beats without shelling out for the song or album 1989. She's not the only one who's keeping their wares off of the streaming service and others like it...The Beatles and Apple Records have yet to release the band's discography to the service. Yet many fans know a loophole, if they're willing to ignore subtle differences in quality: There are covers of the songs on Spotify, performed by bands aiming to sound exactly like The Beatles. Perhaps not for long however, as the U.S. Copyright Office is looking to allow performers to prevent covers of their work from being streamed as well. -
Spotify Given Valuation of $5.7 Billion, According to New Report
The news of Spotify's growth continues to roll in seemingly every week. The streaming giant just announced a deal with PlayStation and Sony that would launch a revamped service PlayStation Music across and PlayStation Network by connecting users's Spotify accounts to their gaming accounts. With all of the expansion that company has gone through in the past year or two, it has become one of the darlings of the music industry and tech startup world, where money flows like water. Spotify is seeing the payoff of that expansion with increasing valuations of its company, despite not being able to turn a profit. The latest valuation, according to a report from market research company Manhattan Venture Research, according to "Billboard," now has the Swedish streaming service sitting at $5.7 billion. -
Russian Economic Crisis Kills Spotify Launch in Nation as Ruble Continues to Fall; Will Piracy Grow?
Russian political and economic issues continue to rage and now it's music listeners in the Eurasian nation who are suffering as Spotify has reportedly pulled the plug on its plans to launch a Russian variant during early 2015. Although the company didn't respond to calls for comment from Billboard and other sources, a recently dismissed employee from the project suggested that it was dead. -
Spotify and Sony Partner With Playstation To Launch Playstation Music
Spotify and Sony have teamed up with gaming giant, Playstation to launch Playstation Music. Playstation Network users will be able to link their Spotify accounts to their current accounts with their consoles. Users can import their current Spotify settings, including favorite artists, playlists etc., onto their Playstation 3 and 4 and Xperia smartphones and tablets. The move integrates Spotify's 30-million song library and over 1.5 billion playlists into the new network, which boats a membership of 64 million users. -
Rdio Officially Launches Service in India
Spotify streaming competitor Rdio has officially launched in India as per a statement. Rdio takes a big step with this move to increase its user base by adding the second most-populace country in the world of 1.25 billion people as potential listeners. Rdio boasts a library of more than 32 million songs in 43 languages from global, regional and local labels, and with the move into India will be working hard to recruit local content providers into vast networks. -
Martin Luther King's "I Have A Dream" Speech and More Included on Epic Spotify Playlist with Music by Paul McCartney, Bob Dylan, John Legend and More
Spotify and the role it plays in the spread of music in the modern era will continue to inspire controversy and legal battles into the future. No one, listeners or musicians alike, can deny that the streaming service's playlist in honor of Martin Luther King on the Civil Rights leader's national holiday is spot-on. Spotify has assembled an epic playlist of King's most influential speeches and the music inspired by his actions, available for listening now. -
Pink Floyd's Nick Mason Takes Aim at Apple over U2's Surprise 'Songs of Innocence' Release
U2 caught a lot of flak for releasing their album Songs of Innocence for free with the help of Apple. Pink Floyd's Nick Mason thinks that isn't fair. The drummer recently spoke to GQ, expressing his issues with Apple and the fact that the Irish rock band took most, if not all, of the criticism regarding the whole debacle. -
Spotify Now Has 15 Million Premium Subscribers
Spotify has announced that it has expanded its premium subscriber base to 15 million users. In a statement on the company's website, it revealed its year-end subscriber numbers for 2014. The company has grown to 15 million paid, premium users and 60 million active users in total. -
Spotify Done with Topspin for Musician Merch, Don't Expect It to Pop Up at Beats Music Either
Roughly eleven months ago your correspondent was excitedly working on a short article detailing Spotify's announcement that it would be teaming up with Topspin to allow performers to peddle their merchandise on the streaming service via their official band pages. It was at least a mild relief knowing that musicians could make money some other way via Spotify since the royalty payments-per-stream are on the low side. Eleven months later, your correspondent is back to let you know that Spotify is done with Topspin.
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