Idagio Emerges in the Classical Music Niche

Idagio Emerges in the Classical Music Niche — global.handelsblatt.com

While big streaming service providers compete for dominance of the music market, new startups are emerging in the classical music niche.

If Spotify delays its IPO into 2018, it faces some serious financial pain — www.musicbusinessworldwide.com

Spotify is reportedly mulling over the idea of freezing its plans to float. According to TechCrunch sources, a postponement into 2018 would “give Spotify more time to build up a better balance sheet and work on shifting its business model to improve its margins”.

Apple Music, Spotify Lead In Streaming Tunes, But It’s Early Days — www.investors.com 
 On-demand music streams rose 76% year over year in 2016 in the U.S., while sales of digital tracks, digital albums and CD albums fell by double digits.

Radio 1’s music team gears up for new era — www.musicweek.com 
 BBC Radio 1/1Xtra head of music Chris Price has told Music Week about how a raft of changes to the networks’ music team and policy will help the BBC take on increased competition, including from streaming services.

Music Industry Majors Sue Hip-Hop Streaming Site Spinrilla — www.billboard.com 
 Spinrilla has caught the attention of several major record labels — but not in a good way.

Streaming could trump US travel woes — jamaica-gleaner.com

As concerns rise about travel restrictions being imposed and how they will affect Jamaica, organisers of two of the country’s biggest music festivals are encouraging others in the business to channel their energies.

Payments Play A Starring Role In The Entertainment Economy — www.pymnts.com 
 In the most recent survey from PayPal on digital delivery in the entertainment space, the smartphone reigns supreme, which means payments play a starring role.

The tide is turning for streaming music services — www.winnipegfreepress.com 
 This winter, hip-hop frontiersman Chance the Rapper made music history when he earned seven Grammy n… — Music — Winnipeg Free Press.

SoundCloud is losing a lot of money — is an acquisition coming soon? — www.theverge.com 
 Music streaming site SoundCloud launched its premium music service, SoundCloud Go, in March of 2016, following sites such as Spotify, Pandora, and Apple Music. While the company has seen revenue…

Online streaming affecting radio market — www.iol.co.za 
 SOUTH Africa’s radio market is on a decline as online streaming services are chipping away at its market share.