Is Music Streaming a Lousy Business?; Spotify Gets Audio Detection Startup; INgrooves + Data
platformstream.substack.com
Spotify now has more than twice as many paid streaming music subscriber as Apple. But will it ever make money? Ladies and gentlemen, get ready for a masterclass in publicly driving down the cost of an acquisition target. Last summer, SiriusXM’s majority owner Liberty Media reportedly made a $3.4bn bid to acquire Pandora. The bid, the equivalent of $15 a share, was rejected by Pandora, whose board apparently felt it under-valued the company.
Is Music Streaming a Lousy Business?; Spotify Gets Audio Detection Startup; INgrooves + Data
Is Music Streaming a Lousy Business?; Spotify…
Is Music Streaming a Lousy Business?; Spotify Gets Audio Detection Startup; INgrooves + Data
Spotify now has more than twice as many paid streaming music subscriber as Apple. But will it ever make money? Ladies and gentlemen, get ready for a masterclass in publicly driving down the cost of an acquisition target. Last summer, SiriusXM’s majority owner Liberty Media reportedly made a $3.4bn bid to acquire Pandora. The bid, the equivalent of $15 a share, was rejected by Pandora, whose board apparently felt it under-valued the company.