Tag Archives: Spotify
Spotify Launching A Music Downloads Store and iPod Syncing To The Desktop Client
Spotify is launching an iTunes rival of their own by adding a music downloads store and the ability to sync iPods on its desktop client. Spotify is also giving access to their mobile app to people that use their free service.
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Spotify Hits 1 Million Paying Subscribers
Music streaming service Spotify has hit 1 million paying subscribers. About two years ago, they hit 1 million total users. Spotify users have put together about 200 million playlists in total. [Spotify Blog]
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Spotify To Raise About $100 Million At A $1 Billion Valuation [RUMOR]
Music streaming service Spotify is planning to raise a $100 million round of funding at a $1 billion valuation very soon. DST and Kleiner Perkins are believed to be involved in this round. Thus far Spotify has raised a total of €82.3 million. Spotify is expected to launch in the U.S. very soon as they are negotiating deals with music labels. [AllThingsD]
Spotify Stalls U.S. Launch Due To High Demands From Record Labels
Online European music streaming service Spotify has decided to halt their plans to launch in the U.S. because of the record labels here. The company promised that they were planning on launching in the U.S. for the last year. The U.S. arms of major record labels have been demanding large minimum guarantees and high cash advances. Essentially the record labels are not comfortable with the “freemium” model.
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Spotify Sees A Loss Of $26.7 Million In 2009
Spotify was one of the first free music services on the iPhone that has been operating around Europe for a couple of years now. It turns out that Spotify is not doing too well financially. Spotify’s revenues for 2009 was $18.1 million (£11.32 million). However the cost of sales and distribution caused the company to have a loss of $26.7 million (£16.66 million). Spotify currently had 7 million users by the end of 2009. About 250,000 of those subscribers were paid. As of September of this year, the company hit 10 million users. [Mashable]
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Spotify Almost Sold To Google For $1 Billion [RUMOR]
Google Inc. (NASDAQ:GOOG) almost acquired Spotify for $1 billion according to an anonymous source with TechCrunch. Even though there was a chance that the source could have been way off, TechCrunch dug deeper into it.
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Spotify Goes Invitation-Only After iTunes Approval
When Apple Inc. approved Spotify, it blew everyone’s minds. Apple had literally approved an iTunes competitor, a type of app that generally gets rejected quickly. Spotify is a Swedish P2P music streaming service that has almost no buffering delay and witnessed a huge demand on bandwidth when their iPhone application was approved. Because of the approval and bandwidth demands, Spotify had to become invite-only again for their membership services.
“We are going to have to temporarily reinstate our invite system in the UK. We are invite-only in all our other launch countries but we hope to be able to remove the need for an invite again very soon,” stated Spotify’s Andres Sehr in a blog post.
Playlists on Spotify can be created for free, but there are radio advertisements that are played in between songs. Spotify also allows users to create collaborative playlists which are given their own web addresses. Spotify was taken out of invite-only in February but had to go back because of the iPhone app. Those that are willing to pay to get direct access can register for Spotify will have to cough up £10 per month. The advantage of paying that price is that the music will be ad-free.
Categories Andres Sehr, Apple App Store, Apple Inc., Spotify
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