Tag: Music

Music-streaming company Spotify AB is laying plans to enter the hotly competitive Web-video business, according to people familiar with the matter, preparing to take on powerhouses like YouTube and Facebook Inc. in a strategy that may put growth ahead of profit. The closely held streaming service, which has shaken up the recording industry over the Read More …

Much to the chagrin of song publishers, music streamer Pandora is having a very good week.The latest is an opinion on Wednesday from the 2nd U.S. Circuit Court of Appeals that affirms a district judge’s reading of ASCAP’s consent decree with the U.S. Justice Department. Source: Appeals Court Rules in Pandora’s Favor in Royalty Rate Read More …

U.S. antitrust officials are scrutinizing Apple Inc.’s efforts to line up deals with record labels as it prepares to debut a new version of the Beats Music streaming service, according to people familiar with the matter. The Federal Trade Commission is looking at whether Apple is using its position as the largest seller of music Read More …

The Department of Justice is looking closely into Apple’s business practices in relation to its upcoming music streaming service, according to multiple sources. The Verge has learned that Apple has been pushing major music labels to force streaming services like Spotify to abandon their free tiers, which will dramatically reduce the competition for Apple’s upcoming Read More …

Money is pouring into music-streaming services—but very little in the way of profits is streaming out. One example of how hard it is to value music streaming—and make a sustainable business from it—concerns Pandora Media. Yet to report an annual profit, its value soared from about $2.6 billion at its initial public offering in 2011 Read More …