IDAGIO, Vienna Philharmonic in Streaming Partnership; YouTube to Overwhelm Heavy Music Users with Ads; INgrooves Up For Sale

Classical music lovers can now audio-stream live recordings of the Vienna Philharmonic’s famous subscription concerts at the Vienna Musikverein on IDAGIO.

The potential bright spot in the money-losing company’s outlook is its attractiveness to young people, according to Morning Consult polling.

Heavy music users on YouTube are about to be deluged with ads in an effort to encourage them to switch to Google's new paid music streaming service, according to YouTube Global Head Of Music Lyor Cohen.

INgrooves, the digital distribution company majority owned by Shamrock Capital, is up on the block with the investment firm looking for a $100 million payday, according to sources.

Smart speaker use is rising rapidly and may contribute towards a shift away from radio, according to the latest joint British Phonographic Industry (BPI) and Entertainment Retailers Association (ERA) report.

Pandora will acquire AdsWizz, the global leader in digital audio ad technology. The addition of AdsWizz will upgrade Pandora’s ad tech capabilities, provide its advertisers with greater audience reach, and expand the company’s revenue opportunities.

In an interview with Indianexpress.com, Sahas Malhotra, Director at Amazon Music India, says the company aims to deliver localised experience with its music streaming service.

SoundCloud announced on Wednesday its first-ever multi-platinum advertising campaign with what it's calling "First On SoundCloud," which aims to celebrate the stories of creators who got their start on the streaming site.

The famous music exec says he plans to spend more time with his family.

Daniel Ek is eligible to sell up to 15.8 million shares of the company worth up to $2 billion in its direct listing, the company disclosed in a filing on Tuesday.

Without The Pirate Bay, Spotify may have never turned into the success it is today. Ten years ago record labels were so desperate to find an answer to the ever-growing piracy problem that they agreed to take a gamble.

Beatport's new creative services division is the first major announcement since CEO Robb McDaniels took over in October 2017.

While in-store audio is well-established, the potential for music and audio in enhancing the retail customer experience and driving sales is still largely untapped.

Spotify CFO Barry McCarthy said that every new user who uses the music streaming service for free costs the company money, and it takes about a year for premium.