spotify - Tech News from Simmons Systems (Page 3)

Tech News from Simmons Systems

spotify

A collection of 48 posts

Eminem Publisher Sues Spotify Over Unlicensed Streaming of Hit Songs

Eminem's music publisher files a major lawsuit against Spotify, accusing the platform of blatant copyright infringement and failing to properly license or pay for billions of streams.

Spotify Announces Second Quarter 2019 Financial Results

Spotify officially reveals its second quarter 2019 financial performance to the public. The music streaming giant shares its latest earnings data with investors and markets.

Slack Bypasses Traditional IPO With $15.6 Billion Direct Listing

Slack lists its shares on the New York Stock Exchange through a direct offering rather than a traditional IPO, achieving a $15.6 billion valuation.

Google Opens Android Automotive OS to Third-Party Media App Developers

Google allows third-party media developers like Spotify to build apps for Android Automotive OS, starting with the Polestar 2 electric vehicle. The company plans to expand this integration beyond entertainment into navigation and other categories soon.

Apple Music Slashes Subscription Prices to Compete in India

Apple Music significantly reduces its monthly subscription fees in India to gain an edge over rivals like Spotify and local services. The price drop affects individual, student, and family plans as major tech companies battle for dominance in the crucial market.

Slack Selects New York Stock Exchange for Upcoming Direct Listing

Slack plans to bypass a traditional IPO and pursue a direct listing on the NYSE, mirroring the strategy Spotify used last year. The messaging giant chooses this route to provide liquidity for employees and investors without raising new capital.

Spotify Buys True-Crime Podcast Studio Parcast to Boost Audio Lineup

Spotify continues its aggressive podcasting expansion by acquiring Parcast, a bootstrapped studio famous for true-crime and mystery series. The financial terms of the deal remain undisclosed.

Amazon HQ2 Fallout, Spotify Buys Podcast Firms, Samsung Unveils New Wearables

TechCrunch's Daily Crunch covers Amazon canceling its New York HQ2 plans, Spotify confirming a $340 million podcast acquisition, and Samsung preparing to launch new sports wearables alongside the Galaxy S10.

Spotify Spends $340 Million to Acquire Gimlet and Anchor

Spotify confirms it spends nearly $340 million in cash to purchase podcast networks Gimlet and Anchor. The acquisitions are part of a larger $500 million strategy to dominate the podcasting industry.

Spotify Bets Hundreds of Millions on Podcasting Future

Spotify spends up to $500 million to acquire podcast companies Gimlet and Anchor as it pushes into the audio medium. The streaming giant sees podcasting as a key growth area to stay ahead of competitors like Apple Music.

Spotify Buys Gimlet and Anchor to Dominate Podcasting Market

Spotify acquires podcast production studio Gimlet Media and mobile creation platform Anchor to expand beyond music streaming and compete directly with Apple and Google.

Spotify Buys Gimlet and Anchor to Become the Netflix of Audio

Spotify acquires podcast producers Gimlet Media and Anchor as part of a $500 million push into original audio content. The company aims to transform from a music streaming service into the world's leading audio platform.

Workplace Chat App Slack Confidentially Files for Public Listing

Slack confidentially submits a draft registration statement to the SEC for a public listing. The business messaging company plans a direct listing and seeks a valuation exceeding $10 billion.

Tech Companies Bypass Wall Street With Direct Listing Trend

Major tech companies like Spotify, Slack, and Airbnb choose direct listings over traditional IPOs to avoid Wall Street fees and roadshows.