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)

BHM PREVIEW: THE RHYTHM OF CULTURE, THE BLUES OF HISTORY
Let's start with a little lesson. (1/27a)
GLASS ANIMALS' NEVER-ENDING WAVE
British band's long and winding road to #1 (1/27a)
HITS EXEC TODD HENSLEY PROMOTED TO COO IN LIEU
OF RAISE
Want fries with that cow patty? (1/26a)
JNR CHOI'S ROCKET "TO THE MOON"
Buzzing newcomer is part of our latest New & Developing Artists class. (1/27a)
ROY RIFKIND,
1927-2022
Remembering an indie-label pioneer (1/26a)
OOH, LAS VEGAS
You're gonna make a poor boy outta me.
HOW I WISH THAT THERE WERE MORE
...than 24 hours in a day.
PALMS SWEAT, BLACKJACK
on a Saturday night
SIN CITY
Lamborginis and caviar Dry martinis, Shangri-La
 Email

 First Name

 Last Name

 Company

 Country
CAPTCHA code
Captcha: (type the characters above)