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SpotifyReport: U.S. Labels Concerned on Spotify Premium ConversionsAuthored by Mark Hefflinger on November 19, 2009 - 12:02pm.
London - The major record
labels are reportedly concerned about the percentage of U.S. users
likely to pay for ad-supported streaming music service Spotify's for-pay
premium version, the Financial Times reported. Spotify, which is available in
several European countries, had planned to launch in the U.S. in the
fall, but recently said it would delay the launch to 2010. "We think
Spotify is a great service but they're going to have to convince us they can
convert enough people from free to paid subscriptions to make it worth our
while," one label executive told FT.
Spotify Delays U.S. Launch Until 2010, Cites Publisher TalksAuthored by Mark Hefflinger on November 12, 2009 - 9:48am.
London - Spotify, the
ad-supported streaming music service currently available in parts of Europe,
has postponed its planned U.S.
launch until 2010 as it continues to negotiate agreements with thousands of U.S.
music publishers, CEO Daniel Ek announced at the Monaco Media Forum, according
to reports.
3 UK to Bundle Spotify Music Service on HTC Hero SmartphoneAuthored by Mark Hefflinger on October 19, 2009 - 9:36am.
London - Hutchison Whampoa's U.K. mobile network operator 3 UK announced on
Monday that it will offer the touch-screen HTC Hero smartphone bundled with music
streaming service Spotify.
Spotify Integrates Direct Song Purchases via 7digitalAuthored by Mark Hefflinger on October 15, 2009 - 10:44am.
Los Angeles - Spotify, the European
ad-supported, free streaming music service preparing for its U.S. launch,
has signed a deal with online retailer 7digital to enable users to purchase
songs heard on the service directly through Spotify.
Spotify Inks Deal With Swedish ISP Telia; Counts 2.7M U.K. UsersAuthored by Mark Hefflinger on October 8, 2009 - 10:46am.
Stockholm, Sweden - Spotify, the ad-supported streaming music
service available in Europe that plans to launch in the U.S. this year, has
partnered with Swedish telco Telia to offer a premium version of its service
that would be billed as a monthly fee added to a user's ISP or mobile phone
bill.
Spotify Adds Offline Play Feature; PayPal Payment OptionAuthored by Mark Hefflinger on October 1, 2009 - 10:52am.
Stockholm
- Ad-supported streaming music service Spotify on Thursday announced a new
offline mode, which will allow paying premium subscribers to sync playlists to
their computers for offline play. The feature will allow users to store up to
3,333 tracks on their computers at a time. Separately, the company said it
added PayPal as a payment option for Spotify Premium, which costs about $15.94
per month, or $191 annually.
Pirate Bay Appeal Judge Nixed for Spotify TiesAuthored by Mark Hefflinger on September 30, 2009 - 9:35am.
Stockholm, Sweden - An appellate court in Sweden has
disqualified one of the judges picked to hear the appeal of the convictions of
the operators of file-sharing hub The Pirate Bay, due to his involvement with
major label-backed streaming service Spotify, TorrentFreak reported.
Judge in Pirate Bay Appeal Works for Label-backed SpotifyAuthored by Mark Hefflinger on September 21, 2009 - 12:29pm.
Stockholm,
Sweden - One of
the lay judges set to hear the appeal of the convictions of the operators of
file-sharing hub The Pirate Bay is an employee of Spotify, a major label-backed
digital music service, TorrentFreak reported. Following the revelation, the
appeals court handling the case is expected to rule on whether or not the lay
judge's affiliation with Spotify would qualify as a conflict of interest in the
case.
Spotify CEO: Less Than 10% of Users Are Paid SubscribersAuthored by Mark Hefflinger on September 18, 2009 - 12:12pm.
London
- The chief executive of Spotify, the ad-supported streaming music service,
said this week that less than 10% of the company's more than 1 million
subscribers are paying for the premium version of the service, which costs
about $16.40 per month, Stuff.tv reported. Daniel Ek said that Spotify could be
profitable if it "chose to be," according to Stuff.tv, but instead is
focused on developing its business. Ek also said that the company's revenue is
increasing by 50% a month.
Spotify Reverts to Invite-Only for New Sign-ups in U.K.Authored by Mark Hefflinger on September 11, 2009 - 9:48am.
London - Ad-supported
streaming music service Spotify has temporarily reverted to an invite-only sign-up
system in the U.K.,
citing "huge demand" for the service there since launching a new
mobile version for iPhone and Android. The service is still invite-only in all
of the other European countries in which it is offered. Spotify is also preparing
to launch its service in the U.S.
Spotify Debuts iPhone, Android Mobile Apps in EuropeAuthored by Mark Hefflinger on September 8, 2009 - 10:31am.
London - Spotify, an
ad-supported music streaming service, has launched its mobile applications for
Apple's (NASD: AAPL) iPhone App Store and the Android Market for customers in the U.K., Sweden,
France, Spain, Norway
and Finland.
The mobile application is only available to subscribers to the company's
premium, ad-free version, which costs about $16.40 per month in the U.K.
Spotify is also preparing to launch its music streaming service in the U.S.
Report: Apple Approves Spotify's Music Streaming iPhone AppAuthored by Mark Hefflinger on August 27, 2009 - 8:48am.
Los Angeles
- Apple (NASD: AAPL) has approved an iPhone streaming music application submitted by
Spotify, PaidContent reported.
Spotify Making Labels More Money than iTunes in SwedenAuthored by Mark Hefflinger on August 26, 2009 - 9:17am.
 Stockholm, Sweden - Spotify, the Sweden-based ad-supported
streaming music site preparing for its U.S. launch, now generates more revenues
for record labels in Sweden than does Apple's iTunes Store, Swedish Wire
reports. "In five months from the launch Spotify became our largest
digital source of income and so passed by iTunes," Per Sundin, head of major
label Universal Music in Sweden,
told Swedish Wire.
Billionaire Li Ka-shing Buys Stake in Spotify Music ServiceAuthored by Mark Hefflinger on August 21, 2009 - 8:53am.
London - Hong
Kong billionaire Li Ka-shing confirmed this week that he has
purchased a minority stake in ad-supported streaming music service Spotify for
an undisclosed sum, Forbes.com reported.
Tom Group to Bring Spotify Music Service to ChinaAuthored by Mark Hefflinger on August 12, 2009 - 12:34pm.
Shanghai - China's
Tom Group announced on Wednesday that it has partnered with Spotfiy, and will bring
the European ad-supported streaming music service to China, Reuters reported. The
localized Chinese version will be available both online and via mobile. Spotify
is also expected to launch its service in the U.S. in the coming months.
Report: Record Labels Paid $12.4 Million for 18% Spotify StakeAuthored by Mark Hefflinger on August 10, 2009 - 10:49am.
Palo Alto, Calif.
- Spotify, the European ad-supported streaming music service preparing for a
U.S. launch, has sold a 17.3% stake in the company for about $12.4 million to
the four major record labels and independent label aggregator Merlin,
TechCrunch reported.
tags: Deals | Advertising | Music | Universal Music | Sony BMG | Warner Music | EMI | Investments | Merlin | Spotify |
FT: Spotify Raising $50 Million at $250M ValuationAuthored by Mark Hefflinger on August 4, 2009 - 7:11am.
London - Spotify, a European, ad-supported streaming music
service preparing for its U.S. launch, is close to raising up to $50 million in
new financing at a $250 million valuation, the Financial Times reported.
Investors are rumored to include Hong Kong
billionaire and Facebook investor Li Ka Shing, and venture capital firm
Wellington Partners.
Apple Reviewing Spotify Music Streaming iPhone ApplicationAuthored by Mark Hefflinger on July 27, 2009 - 10:15am.
San Francisco - Spotify, a
European ad-supported streaming music service, is set to launch in the U.S. and has
submitted an iPhone application for Apple's (NASD: AAPL) approval, according to Wired.com,
which posted a review of the service.
Spotify Adds 2 Million IODA Songs to Ad-Supported ServiceAuthored by Mark Hefflinger on July 21, 2009 - 11:55am.
Stockholm, Sweden - Spotify, an ad-supported streaming music
service with around 4 million users in Europe, has announced a deal to add 2
million new tracks to its service through an agreement with independent digital
music distributor IODA. The company recently said it plans to launch in the U.S., and also
has applications for the iPhone and Android platforms on the way.
Report: Spotify to Launch Music Service in U.S. This SummerAuthored by Mark Hefflinger on July 17, 2009 - 10:09am.
London - Spotify, the
ad-supported streaming music service available in the U.K. and parts of Europe, plans to launch in the
U.S.
this summer, co-founder Daniel Ek told Forbes.com. While Spotify, which claims
4 million users in Europe, has deals with labels to offer over 5 million songs
where it is available, it has not yet signed any deals with labels for the U.S. In
addition to selling ads, Spotify generates revenue through premium
subscriptions that strip away ads and offer higher-quality streams -- and also
plans to begin selling song downloads.
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