In a further sign that the download era is waning, Warner Music Group says it made more money from streaming platforms than any other single source of recorded music revenue in the latest quarter.
France-based music streaming service Deezer says it has raised 100 million euros ($109 million) from its two largest shareholders to fuel its expansion after abandoning plans for an initial public offering of stock last year.
SoundCloud, a streaming music platform that has become home to garage bands and other artists who don't mind releasing tracks online for free, said Wednesday that it had reached a licensing deal with Universal Music Group.
Snapchat Inc. is adding three more publishers to its Discover feature, a coveted platform for media organizations to share articles and videos as well as generate advertising revenue on the popular social media app.
Snapchat has replaced Yahoo and Warner Music Group with iHeartRadio and Buzzfeed on the list of about a dozen media organizations that get a big opportunity to generate revenue through the popular entertainment app.
The music industry's move toward paid subscription services, and away from discs and downloads, has been underway for several years.
Combining Time Warner and Fox would result in one media and entertainment juggernaut, bringing together such TV channels as HBO and Fox News Channel and two major production companies whose franchises include "Batman," ''Harry ...
US online giant Amazon is preparing to launch a streaming music service as early as this week, the New York Times reported Wednesday.
The major US music labels joined the legal battle against file-sharing website Megaupload, with a copyright infringement lawsuit against the site shut down by US authorities.
To promote its new song from platinum-selling country music artist Hunter Hayes and Grammy winner Jason Mraz on Tuesday, Warner Music Group didn't book its stars on "Good Morning America" or "Late Night With Jimmy Fallon."