With US IPO, Tencent Is Set To Become Next Big North American Streaming Company
Chinese streaming company Tencent Music is rumored to be headed for an Initial Public Offering in the very near future, with a valuation high enough to make it the fourth. Continue reading
TOP POSTS: This Week’s Most Read Posts On Hypebot
This week on Hypebot, our most popular posts covered changes at DistroKid, how Spotify's claim that streaming habits mirror purchasing habits is false, how artists can avoid being boring, and. Continue reading
Spotify Reports 170M Users, Stock Drops 8%
Spotify shares fell 8% in after-hours trading Wednesday, after its first quarterly earnings report.The streamer posted a user base of 170 million, including 75 million paid subscribers. That's up 4. Continue reading
Spotify Stock Rising Ahead Of Today’s Earnings Report
Spotify [NYSE: SPOT] climbed all day ahead of a today’s earnings report. The stock was up 4% to $170.50, as of 2:45 ET. This, the streamer’s first report since going. Continue reading
Sony Sells $750M Spotify Stock, Will Artists Get Fair Share?
Sony has sold half its 5.7% stake in Spotify, Sony Corp. CFO Hiroki Totoki told Wall Street yesterday. At Spotify's average stock price, the sale netted Sony more than $750. Continue reading
No Fee TickPick Acquires Razorgator, Adds 1M Users
[UPDATED] No-fee ticket marketplace TickPick has acquired ticket reseller Razorgator. Details of the acquisition were not disclosed, but Razorgator had raised $60 million in funding from Oak, Kleiner, Perkins, Caufield. Continue reading
Deezer, Jazz FM Partner To Honor Iconic Record Labels
Deezer has announced a partnership with Jazz FM in honor of International Jazz Day. The streaming service has joined forces with the radio station on a new series called ‘Jazz Stories,’. Continue reading
