VIVENDI TO SELL 50% OF UNIVERSAL MUSIC – The biggest recent news is Vivendi’s announcement to sell up to half of it’s crown jewel Universal Music Group (UMG), which generates 41% of Vivendi’s revenue and 60% of operating income. Vivendi is looking to capitalize and profit on rising valuations in the music industry, driven from the…
Category: TuneGO 360
Apple Buys Shazam for $400 Million, Tencent and Spotify Swap 10% Equity, Kobalt Acquires Song Music Catalogue for $160 Million
Apple Buys Shazam for $400 Million – Apple acquired Shazam in the range of $400 million “as part of its bigger ambitions in the music business.” Shazam is a music recognition and discovery tool that has hundreds of millions of users and over 1 billion downloads. Snapchat and Spotify were also in talks to…
Tencent and Spotify Talk Equity Swap, Warner Music Revenues Soar Above $3 Billion, Music Publishing Royalties Grow to $8.4 Billion
Tencent and Spotify Talk Equity Swap – Big moves in music tech! Tencent Music Entertainment and Spotify are in talks to acquire 10% of each other in a strategic maneuver, as both companies plan to go public soon. The advantages of this potential deal are tremendous. Each company gains a foothold in a new untapped market…
Google Leads $70 Million Funding, UMG Worth More Than $40 Billion, Apple Music to Spend $4.2 Billion on Original Content
Google Leads $70 Million Funding to Challenge Major Music Labels – The gloves are off. Napster was the first shot fired that people heard. Now the tech industry has officially declared war. Google is leading a $70 million investment into United Masters to officially take on music labels. In 2015 Google lead a $60 million investment…
Spotify Could be Valued at $20 Billion, Musical.ly Acquired for $1 Billion, Apple Breaks through 30 Million Subscribers
Spotify Could be Valued at $20 Billion and Eventually $100 Billion – Spotify could go public with a valuation of $20 Billion, rise to $55 Billion by 2020 and eventually be worth $100 Billion, study says. The $100 Billion mark would make Spotify one of the most valuable stocks in the world, illustrating the…
Spotify Reaches 150 Million Listeners & 65 Million Subs, BMI Distributes More Than $1 Billion in Music Royalties, Vevo Expects 30% Growth
Spotify Reaches 150 Million Listeners & 65 Million Subs – Spotify has crossed a massive milestone: 160 million active users worldwide. It’s also rapidly approaching 65 million paying subscribers. Spotify is aiming to reach 75 million paying subscribers by year end. The global proliferation of mobile phones as the preferred consumer choice for music…
Why Pay $1,000+ for an iPhone? The Answer is Music.
Today’s Apple Special Event is expected to unveil the monumental 10th anniversary iPhone X, which will undoubtedly dominate the business/technology news cycle. The real news is how Apple will convince users to spend $1,000+ for a new phone… And the answer is music! Here’s How Apple Will Convince You to Send $1,000 on…
SONGS Music Publishing on Sale for $160+ Million, China’s Two Largest Tech Companies Sign Deal for Western Music, Jay-Z’s Tidal Now 3rd in App Store Revenue for Music Apps
SONGS Music Publishing on Sale for $160+ Million – The indie music publishing is home to popular songwriters Lorde, the Weeknd, and Diplo among others. SONGS produced $8 million in net publishing royalties, which in typical times would carry a 12x multiple, equal to 95 million. In today’s red-hot market however, music catalogs are…
Apple Watch 3 Touts 40 Million Apple Music Songs, Apple Watch Commercial’s Viral Song, U.K. Music Industry Raked In $6 Billion in 2016
Apple Watch 3 Touts 40 Million Apple Music Songs – How is Apple going to sell the new Apple Watch 3? The answer is music. Apple’s marketing strategy is to tout how the Apple Watch 3 will revolutionize the way people listen to and stream music. For decades, music has been an important part…
Spotify Valuation $16 Billion, Nearly $2.8 Billion Invested Into Music Last Week, Production Music is $1 Billion Global Industry
Spotify Valuation $16 Billion – The $16 Billion valuation is $3 Billion higher than June 2017, illustrating the explosive growth of music tech… And the rapid increase in valuations that we predict will continue for the foreseeable future! We’re proud to say Spotify was the first partner to recognize the TuneGO vision. Cheers… Here’s…