Quantcast

Spotify's Cash Infusion

A SPOT OF CASH: Spotify has completed a new round of capitalization to the tune of $100 million, according to multiple reports, with half the cabbage coming from Goldman Sachs, 15% from Fidelity, 10% from Coca-Cola and the rest from prior supporters. The company, now valued at around $3 billion, today shared with select users the beta version of its Web-based browser, which will enable users to stream tunes from any connected device. Much speculation has already surrounded Coke's participation in the financing, given that the sugar-water giant and Spotify had trumpeted a marketing pact last spring. Will sugary beverages be the baptismal font to renew the music biz? Will free samples of Coke Zero be enough to entice some artists to give up the rights they've withheld because of Spotify's impact on first-week sales? In a related story, RC Cola just gave a kid with a banjo fifty cents to play "My Old Kentucky Home." (11/15a)

NEAR TRUTHS: SPRING BLOOMS
Here come the big guns. (3/28a)
THE COUNT: COLDPLAY IS HOT, COUNTRY'S COOKIN' IN THE U.K.
The latest tidbits from the bustling live sector (3/28a)
CITY OF HOPE TAPS MARCIANO FOR TOP HONOR
This year's philanthropic model (3/28a)
TRUST IN THE TOP 20
Hip-hop is no longer hibernating. (3/28a)
UMG BROADENS SPOTIFY OFFERINGS
Sir Lucian and Daniel are in harmony. (3/28a)
THE NEW UMG
Gosh, we hope there are more press releases.
TIKTOK BANNED!
Unless the Senate manages to make this whole thing go away, that is.
THE NEW HUGE COUNTRY ACT
No, not that one.
TRUMP'S CAMPAIGN PLAYLIST
Now 100% unlicensed!
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)