LONDON (AP) — Facebook, Google, Amazon and Apple are once again being cast as monopolies that have become too powerful for society's good, a recurring theme that's increasing the pressure to rein...
China’s music streaming leader Tencent to go public in US
SAN FRANCISCO (AP) — The owner of China's largest music streaming services is looking to strike it rich in the U.S. stock market.
Tencent Music Entertainment plans to sell its stock in the U.S. as part of an initial public offering. The IPO documents filed Tuesday propose raising $1 billion, but that preliminary figure often ends up being substantially higher.
Investor demand is likely to be high, given the rising popularity of music streaming and Tencent's success so far.
SiriusXM presses play on deal with Pandora Media
NEW YORK (AP) — Subscription radio company SiriusXM says it's buying music streaming service Pandora Media Inc. in a deal valued at about $3.5 billion that will allow it to expand its service beyond cars and into mobile devices and homes.
Pandora has faced intense pressure from competitors like Spotify and Apple. Its last quarterly profit was in December 2014.
But a buyout by SiriusXM, which made a $480 million investment in Pandora in June 2017, may be the boost the business needs.
The music streaming service Spotify says it has removed some episodes of "The Alex Jones Show" podcast for violating its hate content policy. The move followed a backlash on social media.
"We take reports of hate content seriously and review any podcast episode or song that is flagged by our community," the company said in a statement late Wednesday.
"Spotify can confirm it has removed specific episodes of 'The Alex Jones Show' podcast for violating our hate content policy," it said.
Pandora to create 250 jobs in Atlanta
ATLANTA (AP) — One of the largest music streaming services will create 250 jobs in Atlanta.
Georgia Gov. Nathan Deal said in a news release Wednesday that Pandora will expand its presence over the next three years. The company plans to hire for positions in product and engineering, sales, client services, legal and human resources.
Deal calls Pandora's expansion an "investment" to a highly-skilled Atlanta workforce.
SAN FRANCISCO (AP) — Spotify's opening act on Wall Street struck a chord with investors betting the unprofitable company's trend-setting music streaming service will maintain its early lead over Apple and other powerful challengers.
Copyright board boosts songwriters’ music streaming fees
SAN FRANCISCO (AP) — A federal copyright board has raised the music streaming royalties for songwriters and music publishers by more than 40 percent to narrow the financial divide separating them from recording labels.
The decision announced earlier this weekend by the National Music Publishers Association stems from a dispute pitting songwriters against steadily growing music streaming services sold by Spotify, Apple, Google, Amazon and Pandora.
Music firms sue to keep hit songs off fitness streaming app
ATLANTA (AP) — Some of the nation's largest recording studios have joined forces in an effort to stop a music streaming service aimed at fitness enthusiasts from using songs by Beyonce, Justin Bieber, Green Day and other stars.
In a federal lawsuit filed in Atlanta, Sony Music Entertainment and more than a dozen other record companies say Fit Radio illegally infringes on their copyrighted recordings "on a massive scale."
Music streaming giants Spotify, Tencent invest in each other
STOCKHOLM (AP) — Swedish music streaming service Spotify and Chinese internet company Tencent have struck a deal to take minority stakes in each other.
The companies said Friday in a joint statement they will acquire new shares representing minority equity stakes in each other for cash — Tencent Music Entertainment will invest in Spotify, while the Swedish music startup will take a stake in Tencent's music wing. Terms of the deal were not disclosed.
NEW YORK -- Spotify customers have nothing to "Smile" about when it comes to Jay-Z's "4:44"
That's because they can't listen to that single or the album its on.
The rapper's latest project seems to be playing everywhere but the leading music streaming service.
The album got a one week exclusive run on Jay-Z's Tidal when it dropped last week before it was released to Amazon Music Unlimited and Apple Music, as well as internet radio platforms Pandora, SiriusXM and IHeartMedia.
Documents: Jay Z’s company wanted to manage Prince’s music
MINNEAPOLIS (AP) — Roc Nation, the entertainment company founded by rap mogul Jay Z, tried but failed to get chosen to manage Prince's musical assets in the weeks after the rock superstar's death, according to court documents released Tuesday.