Some technological revolutions come suddenly, others come slowly, but this one is coming in regimented ten minute updates to a distributed public ledger. Heralded as the next great step forward for the Internet, blockchain technology is already turning heads in the finance world, and is attracting major investment interest around the globe.
Apple Inc. is seeking to reduce record labels’ share of revenue from streaming, part of negotiations to revise the iPhone maker’s overall relationship with the music industry, according to people familiar with the matter.
Radio streaming platform TuneIn is suing Pandora for breach of contract in a deal where the music streaming service failed to meet ad sales goals and guaranteed payments over the first quarter of 2017.
The social network VKontakte – aka “The Russian Facebook” – which recently launched a paid music service and has license agreements with Sony, Warner and Universal, is having trouble signing deals with smaller, local labels.
Here’s the cold, hard truth about music streaming: right now, Spotify can’t seem to make money out of it. Apple, meanwhile, doesn’t need to… Music Week looks at the two streaming giants’ financials and analyses what they mean for the future…