News tagged with music companies

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Jay Z to acquire Wimp music service

US rap star Jay Z will make a $56-million foray into the music streaming business by taking over the Norwegian service Wimp, its shareholders confirmed Friday.

dateJan 30, 2015 in Business
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Spotify turns up volume as losses fall

The world's biggest music streaming service, Spotify, announced Tuesday its revenue grew by 74 percent in 2013 while net losses shrank by one third, in a year of spectacular expansion.

dateNov 25, 2014 in Internet
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Apple's Beats buy is two-sided for music streaming

Apple's $3 billion purchase of headphone maker and streaming music company Beats Electronics sheds light on a rarely recognized reality in the music streaming industry: It's hard to succeed in the business without offering othe ...

dateMay 29, 2014 in Business
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Spotify snaps up The Echo Nest

Music streaming service Spotify announced Thursday it had acquired The Echo Nest, a company behind technology to suggest songs to listeners.

dateMar 06, 2014 in Business
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California company seeks audio rebels

High Fidelity isn't just the name of a movie. For the better part of two decades, consumers have been willing to trade audio quality for convenience, forgoing their high-fidelity home stereos for white earbuds. But a Sacramento ...

dateFeb 17, 2014 in Hi Tech & Innovation
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Industry sounds alarm on piracy (Update)

The music and movie industries are sounding the alarm again on online piracy, saying illegal downloads are on the rise and search engines like Google aren't doing enough to stop them.

dateSep 19, 2013 in Internet
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