The streaming service company on Wednesday reached the deal over music royalties with the National Music Publisher's Association (NMPA). Spotify will pay $21 million worth of royalty to publishers and songwriters.
Music
Michael Jackson's Son in Legal Battle With Grandmother Katherine Over Funds From His Father's Estate
Michael Jackson's son, Bigi "Blanket" Jackson, has asked a court to deny the King of Pop's mother from using his late father's estate money in her ongoing legal battle.
‘Biblical Devil’ Donald Trump Asked by Sinead O’Connor’s Estate, Chrysalis Records to Stop Using Her Music at Rallies
The estate of Sinead O'Connor and her longtime label Chrysalis Records have asked former President Donald Trump to stop using her music at his campaign rallies.
Universal Music Group Announces Job Cuts After TikTok Deal Talks Fail
Universal Music Group (UMG) announced Wednesday that it would reduce its workforce and streamline operations to save €250 million ($27 million) by 2026.
TikTok And Universal Music Group Clashes Over AI-Generated Music
Musicians want laws to protect their work, but platforms like TikTok make it difficult. (Photo : Photo by TOLGA AKMEN/AFP via Getty Images)An employee looks at his mobile phone as he walks past the logo of the video-focused social networking service TikTok, at the TikTok UK offices, in London, on February 9, 2022.
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Sony will pay $750 million to the Michael Jackson estate for its share in the music catalog. Once the deal is closed, the estate will be no longer in debt.
Apple Music has gained another million subscribers, following its previous 10 million members. It means that Apple is chasing to compete tightly with its competitor, Spotify.
The center of life-saving drug price hike controversy, Martin Shkreli tried to made himself in the news again. He claimed that he was scammed for $15 million for the new album of Kanye West "Life of Pablo."
Soundcloud's financial report revealed that the company is experiencing significant loss in 2014, and the losses had started from several years before. The 2014 loss was due to large expenses, even though Soundcloud's revenue actually experienced a growth. The company expects to face losses for the next three years, but they are striving to plan strategies to increase income.
Months after rebranding Xbox Music and relaunched it by the name Groove, Microsoft acquired a music player app that goes by the same name. The Montreal-based startup agreed to sell the name and technology to Microsoft, but the details are disclosed by both companies.
Amazon will spend more than $3 billion for Amazon Prime music and video content. With a 54 million members in the U.S., Amazon Prime wants to increase customers spending to boost its revenue following a downtrend.
Paris-based music streaming service Deezer has raised around $109 million in a Series E round of funding led by Access Industries. The latest funding will help the company to attract more subscribers even after putting their IPO plan on halt.
Spotify and Genius work together to provide a better and deeper music experience for their users. Fact Tracks shows lyrics, along with annotations from the community or the artist itself.
This Christmas eve of this year has come up with another good news for the music fans. The Beatles' catalogue will soon be arriving on streaming services.
