Tag Archives: Spotify
Spotify To Be Valued At $4 Billion After Next Funding Round
Social music service Spotify is preparing to raise hundreds of millions of dollars in a deal that would value the company at as much as about $4 billion according to sources with The New York Times. Goldman Sachs is going to participate in the round with about $100 million from their wallet. Spotify’s total round of funding would be at about $220 million.
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Categories Goldman Sachs Group Inc., Spotify
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Spotify Launches An iPad App
Spotify has officially launched an iPad app. The app is brilliantly designed for a larger screen. The iPad app is available to Spotify’s three million premium subscribers, but there is a trial version available. Unfortunately the iPad app does not work with all of the new Spotify apps. The way Spotify works on the desktop is by using a P2P network, which uses your Internet connection to help provide music for other people on the network. The Spotify iPad app streams music directly from Spotify’s servers. Check out the demo video below:
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Categories Apple App Store, Apple iPad, Spotify
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Spotify Reportedly Launching A Radio Service Similar To Pandora
According to Bloomberg, Spotify will be launching a U.S. Internet radio service that would be a direct competitor of Pandora Media. The new format would be similar to Pandora, which works just like a radio and is cheaper to operate since royalty rates are lower and is set by U.S. Congress. The new service would be monetized by advertising. Content partners have been notified about the new service already.
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Categories Spotify
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RUMOR: Microsoft To Announce A Spotify Competitor At E3
According to a rumor with The Verge, Microsoft will offer a sneak peak of a new music service codenamed “Woodstock” at the E3 conference this year. Woodstock will allow users to share tracks and build group playlists just like Spotify. Apparently it will also have a “scan and match” feature that is similar to iTunes Match. Woodstock is also reportedly going to work on Windows 8, Android, iOS, and Xbox.
Categories Microsoft Corporation, Microsoft Woodstock, Spotify
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Spotify Launching Branded Apps Soon
Music streaming service Spotify will soon start adding apps from companies like AT&T, McDonald’s, Intel, and Reebok in the next few months to make the platform more intriguing for advertisers. This would help them offset the massive licensing costs that they are dealing with. Earlier today we reported that Spotify was going to likely hit over $800 million in revenues this year, but will likely hit over $60 million in net loss.
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Categories Daniel Ek, Spotify
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Spotify Expected To Hit $889 Million In Revenue
Music streaming service Spotify currently has 13 million active users and 3 million of them are paying. The company is expected to hit $889 million in revenues this year, which would be up 160% from 2011. However an increase in revenues may also lead to increasing net losses. In 2011 the company’s net losses double to about $60 million.
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How To Add Spotify To Your Website
Spotify’s growth can be attributed to their tight integration with Facebook. To gain additional users, Spotify has announced that they have created a widget for people to integrate into their websites. Some of the websites that have already started integrated Spotify include The Huffington Post, Rolling Stone, and Tumblr. Here is how to add Spotify to your website.
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Categories Spotify
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Facebook Now Lets You Listen To Music With Your Friends Through Chat
Facebook is starting to roll out a new feature that allows you to listen to the same music that your friends on Facebook Chat are listening to. If you see a music note next to one of your friends on Facebook Chat, you can listen to the same music they are using services like Spotify or Rdio. To listen with your friend, hover the mouse above their name and click the “Listen With” button. If you do not want to share what you are listening to, visit the App Settings page after installing the app. [Facebook Blog]
Categories Facebook, Facebook Chat, Rdio, Spotify
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Why Spotify Will Struggle To Make A Profit
Spotify is my favorite music service and I hope that they keep growing and doing well. However their business model automatically puts them in a risky position. As a matter of fact, details about Spotify’s music licensing deals have been leaked and it reveals why Spotify will never be profitable.
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Sonos Updates Android App To Support Slacker and Spotify
Wireless streaming music service, Sonos, has updated their Android application to support music streaming applications Slacker and Spotify. The Sonos System Software version 3.6 also adds Sonos Wireless HiFi, and support for Android tablets running 2.2. or higher. Below is the press release:
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Categories Android, Google Android, John MacFarlane, Slacker, Sonos, Spotify
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