Doctors Without Borders is a non-profit organization that provides life-saving medical services around the world. Unfortunately, they face many difficulties during their overseas missions, such as rising medical costs and lack of existing treatment options. As the organization looks to raise funds to continue saving lives, Doctors Without Borders has teamed up with several music companies and streaming services. [Read more…]
Twitter launched Twitter #Music about a fortnight ago, a new service and app to discover new artists and music through Twitter. The system uses a platform which was acquired last year by Twitter, oWeAreHunted, but has been refined and expanded through integration with Spotify and Rdio, two large music streaming services.
Currently, the system extracts songs from iTunes, Spotify, and Rdio, but other sources will be added in the future. By default, users can only listen to short snippet of songs – 30 seconds – directly from iTunes but for Rdio and Spotify, you will need to use your credentials to log in. Based on the recent acquisition of “We Are Hunted” by Twitter, the system will help us to discover new songs and artists based on custom criteria, including the artists followed by us or our followers. [Read more…]
Spotify has acquired Tunigo, a music platform that is powered by the Spotify API.
Employees from Tunigo will move to Spotify’s offices in Stockhom and New York City.
In the short term the Tunigo app will remain as its own entity within the Spotify eco-system.
The move echoes an industry shift towards stronger music discovery practices. Twitter most recently purchased We Are Hunted in an effort to gain access to the music discovery sector. Tunigo however is more closely related to apps such as Songza and 8tracks. Those apps curate playlists and then suggests lists to users based on genre, theme, and mood.
The company has a staff of 17 people and before the acquisition had raised €2.4 million.
Tunigo was built on the premise that pressing a single button can generate the perfect playlist for music lovers in real-time. [Read more…]
According to Fortune the video sharing website wants to provide free songs mixed with advertisements or the option to hear song without ads for a monthly fee. Spotify currently offers ad free listening for $4.99 via Desktop and $9.99 via mobile devices.
To add value to the service Google is expected to add a digital locker at Google Play for Android. By adding the extra option the company can round out its music services for different types of users, thus creating an online experience that provides more benefits to customers. [Read more…]
Spotify will likely pass the $500 million revenue mark for 2012 and with losses still on the books the company is expected to seek a new round of funding, money that will valuate the company at more than $3 billion.
Revenues at Spotify are expected to more than double from last years $244 million thanks to a growing user base with a larger number of paying customers.
Spotify currently allows for two profit models. The first option is an ad supported system that generates revenues through ads. The second system includes $5 per month for ad-free computer support or $10 for ad-free mobile ?support.
While the company will take in $500 million this year Spotify currently must pay the major labels $200 million or 75% of total revenue, whichever number is higher. On $500 million that total payout would equal $375 million. Spotify will likely earn $60 million off that$500 million but the company is also reporting?another $100 million in engineering, marketing, sales and other operating costs. Based on it’s own estimates Spotify will likely lose around $40 million in 2012.? [Read more…]