Tuesday, October 24, 2017
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Apple, Samsung Heading to Court Again
Apple Praises TSMC's Investments, Says iPhones Will be AI an Platform
ARM Boosts IoT Security With Platform Security Architecture
Kaspersky Lab Seeks To Restore Reliability By Opening Software to Review
Pay with Google Speeds Up Checkout
Tesla Said to Set up China Plant
ASUS VivoBook E203 Windows 10 S Laptop Now Available for $229
Sony Releases 7.42 Effective Megapixel Stacked CMOS Image Sensor for Automotive Cameras
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 Home > News > General Computing > Spotify...
Last 7 Days News : SU MO TU WE TH FR SA All News

Monday, July 24, 2017
Spotify Close to Deal With Warner - sources


Music streaming company Spotify is said to be close to agreeing a new licensing pact with Warner Music Inc, the last big music royalty deal it needs before pushing ahead with a U.S.

Reuters' unnamed sources are positive a deal could be signed by September as major issues such as granting loss-making Spotify a more favorable revenue split in return for making some new albums accessible only to its paying subscribers for a defined period have already been agreed.

However, the precise revenue split and the size of a potential guaranteed upfront payment to the label, home to artists including Ed Sheeran and Muse, have yet to be agreed, according to the report.

Sweden's Spotify has grown in less than a decade into the world's most popular streaming music service, but its financial sustainability hinges on its ability to strike music licensing contracts at less onerous royalty rates.

Basic features of Spotify are free and supported by advertising while paying subscribers enjoy unlimited listening and other premium features.

Spotify faces mounting competition from Apple and Amazon, which can afford to subsidize their push into music by drawing on money they make in other businesses.

Earlier this year, Spotify struck a licensing deal with Vivendi's Universal Music Group to pay the world's largest label a low royalty rate. This was recently followed by a similar agreement with Sony Music.

As of June, Spotify had 53 million paying users or 40 percent of streaming music subscribers worldwide, according to MIDiA Research. It has more than 140 million active users, including free listeners.



Previous
Next
Alphabet Earns More Cash Despite Antitrust Fine        All News        Western Digital Announces Four-bits-per-cell Technology On 3D NAND
Alphabet Earns More Cash Despite Antitrust Fine     General Computing News      Western Digital Announces Four-bits-per-cell Technology On 3D NAND

Get RSS feed Easy Print E-Mail this Message

Related News
Microsoft Partners with Spotify, Retires Groove Music
Hulu and Spotify Launch Discounted Packages for Students
Spotify Close To But SoundCloud: report
Apple, Spotify In Music Streaming Duel
Spotify Has 100 million Active Users Per Month
Spotify To Start Streaming Videos To Android Users
Spotify Buys Music Social Network Apps Soundwave
Spotify Armed With More Cash To Battle Apple Music
Spotify Adds Video Clips, Original Content, And More
Spotify on PlayStation Music Available Today
Spotify Says It Has More Than 15 million Subscribers
Uber And Spotify Bring Music for Your Ride

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2017 - All rights reserved -
Privacy policy - Contact Us .