The Wall Street Journal is reporting that streaming music service Spotify has raised $250 million in funding. Technology Crossover Ventures is believed to be the only investor in this round, according to TechCrunch. Spotify will receive a valuation of $4 billion based on these terms. Spotify will be using the funding to push for international growth.
Spotify partnered with Songkick last month and now they have upcoming concert listings on artist profiles throughout the desktop app. This function has been extended to the Spotify iPhone and iPad app.
Music streaming company Spotify has launched “Spotify Connect.” Spotify Connect will let you control how and where your music can be played through the cloud. For example, you will be able to switch back-and-forth from your phone to your speaker when you get home without stopping playback. People that use Spotify on their iPhone and iPad will find this new service very useful. The updated iPhone and iPad app now includes the Spotify Connect logo near the pause/back/forward controls during playback. After clicking the button, you will see a list of available playback devices.
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Music streaming service Spotify has launched a new feature called “Browse.” Browse will show some of the best playlists that have been created on their service. Spotify selected 20,000 of their favorite playlists to held you find music that you want to listen to based on your mood.
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Spotify is a streaming music service that launched in Sweden in 2008 and in the U.S. two years ago. In 2012, Spotify reported $578 million in revenues, which is an increase of 128% from 2011, according to Spotify’s filings spotted by The New York Times. The company lost $78 million from the year, which is higher than the $60 million loss from the year before. Spotify has a valuation of around $3 billion.
Thom Yorke of Radiohead has removed his music off of Spotify. He said that artists do not get paid well for their work (he used more colorful language that we won’t be publishing here since for the sake of our younger readers). Yorke his solo album “The Eraser” and his side-project “Atoms For Peace” from Spotify. Radiohead’s catalog is still available on Spotify.
Streaming radio service Spotify has launched a new “Discover” feature for all of their users. Spotify Discover allows users to to browse relevant artists and playlists based on their listening habits. One of the new features added to Spotify Discover is Audio Preview, which lets users listen to new music without stopping the song that they are listening to.
Spotify, a popular music streaming service, has acquired music discovery app Tunigo. Tunigo creates themed playlists based on your mood. Spotify is going to hire Tunigo’s 20+ employees and place them across their offices in Stockholm and New York.