Streaming music service Spotify will soon provide video content from musicians, news organizations and TV networks in a bid to sign up more subscribers, the company said on Wednesday. A new recommendation function, similar to what rival Pandora Media Inc offers, will let people pick channels based on lifestyle activities, like “songs to sing to in the shower,” or “100 plus hits form the 1980s,” the Stockholm-based company said
Read more(Reuters) – Online music streaming service Spotify is working with Goldman Sachs for a new round of private fundraising which could potentially put off the initial public offering for another year, the Wall Street Journal reported, citing people familiar with the matter. Spotify is talking with investors who are known to buy into companies before a IPO, including mutual fund T. Rowe Price Group, the report said, citing people familiar with the matter.
Read moreBy Michael Roddy LONDON (Reuters) – The music streaming portal Spotify made an impassioned defense of its business model on Monday, saying it fights music piracy and had paid out $2 billion to the industry and artists since its launch in 2008. The statement in a blog post by CEO Daniel Ek came a week after U.S. singer Taylor Swift pulled her entire catalog from the popular streaming site as she released her new album “1989”, which immediately soared to the top of the U.S.
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