SUBSCRIBE FOR FULL CONTENT ACCESS: VIEW OFFERS
Connect with us

Digital Economy

Spotify edges on profitability with positive operating income of €54m in Q3 2019

Published

on

By Emmanuel Legrand

Spotify is showing increasing signs that it is close to breaking even. The music streaming service has posted for the third quarter of 2019 a positive operating income of EUR54 million, against losses of EUR3m the previous quarter.
The company pointed out that in the third quarter, "business met or exceeded our expectations" with "accelerating" monthly active user (MAU) growth, and "better than expected" subscriber growth, gross margins, and operating profit.
Total reve...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Digital Economy

Federal judge clears Meta Platforms’ acquisition of Within Unlimited

Published

on

A federal judge ruled that Meta Platforms could proceed with its proposal to acquire virtual reality company Within Unlimited for $400 million.

The court's decision is seen as a setback for the Federal Trade Commission and its Chairwoman Lina Khan, who objected to the proposed merger and sued Meta last July to block the deal.

During the trial, which saw Meta CEO Mark Zuckerberg testify, the FTC argued that the combination of Meta and Within would hinder future competition in an undevelo...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

Hyperreal promotes Scot Barbour and Tim Coleman; Sergi Sagas joins the board

Published

on

Scot Barbour has been named Chief Technology Officer and Tim Coleman has been appointed Vice President of Digital Humans at technology company Hyperreal, specialising in Web3 and metaverse projects.

In addition, Chief Innovation Officer Sergi Sagas has joined the company's Board of Directors. "The new executive role announcements further increase Hyperreal’s business and production capabilities," said the company in a statement.

Hyperreal's Scot Barbour

“In their new roles, Scot, Tim a...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Digital Economy

BandLab Technologies acquires beats selling marketplace Airbit

Published

on

BandLab Technologies has acquired Airbit, the beat selling marketplace for producers and creators. Terms of the transaction were not disclosed.

BandLab said the acquisition "expands the audience for current Airbit producers to millions of new customers around the world" and will operate alongside BandLab’s full-service creator toolset, which includes the free, mobile-first cross-platform Digital Audio Workstation (DAW) and the AI musical idea generator SongStarter.

As part of the...

A paid subscription is required to read more.
Log in below, or UPGRADE / SUBSCRIBE.

Continue Reading

Trending