India's No. 1 Affordable Computer Franchise (ISO Certified, Govt. Approved) | Get approval in 10 Hours. For Inquiries: CALL +91-9774064470

Spotify, in Major Podcast Push, Buys Gimlet Media and Audio Tool Start-Up

The music-streaming giant Spotify, moving aggressively to expand beyond its core service, said Wednesday it had agreed to buy two companies that will bolster its podcast roster and help to reduce its reliance on major record labels.The acquisitions include Gimlet Media, the studio behind the popular podcasts “Crimetown,” “Reply All” and “StartUp,” and Anchor, which makes tools for recording and distributing podcasts.Financial terms of the transactions were not disclosed. The company said that it planned to make more acquisitions and had earmarked up to $500 million for deals this year.In addition to helping Spotify diversity its offerings, the company hopes the deals will help it keep users…

Continue Reading

Beyoncé Hoax Hits Streaming Services

At first the news seemed to follow a familiar, exhilarating pattern. Late on Thursday, two new albums with material by Beyoncé — credited to the name Queen Carter — appeared on Spotify and Apple Music. Social media exploded, assuming that Beyoncé, the master of the surprise album release, had repeated her magic trick yet again.But the story quickly unraveled. Fans noticed that the albums were made up primarily of old tracks and demo recordings, and the albums were taken down. The Beyoncé album releases, it turned out, were a hoax, apparently uploaded to Apple and Spotify through Soundrop, a do-it-yourself distribution service that caters to young, independent…

Continue Reading

Tech Tip: The Basic Ingredients for Your Podcast Recipe

AdvertisementTECH TIPMaking your own audio show can be fun and relatively inexpensive, but you should have a plan and get the right gear before you hit the Record button.Mac and iOS users can record podcasts and other projects with Apple's free GarageBand program, which includes a useful help system for the novice audio engineer.CreditThe New York TimesAug. 3, 2018Q. I want to make podcasts. How do I do it?A. Producing your own podcast can be a fairly inexpensive process, once you get set up with the necessary recording equipment and distribution method. The basic steps are: Record the show, edit the show, and post the show online.…

Continue Reading

Spotify, Nodding to Broader Ambitions, Hires Chief Content Officer

Spotify has hired Dawn Ostroff, a veteran television and video executive, as its new chief content officer, a move that may signal the music service’s wider ambitions in media.Ms. Ostroff, who had been president of Condé Nast Entertainment, the publisher’s video studio, will join Spotify in August, the company announced on Tuesday. She will report to Daniel Ek, Spotify’s chief executive, and be responsible for its content and editorial divisions, as well as the creator services side of Spotify’s business, which handles the detailed data reports it makes available to artists.Spotify has long been searching for ways to expand its offerings beyond music, which tends to offer…

Continue Reading

As Spotify Goes Public, Sony Cashes In

What the labels would do with any profits from selling their Spotify stakes has been a subject of debate in the industry. The labels have said that they will share the profits with their artists but have offered few specific details about how those payments would be calculated.The Worldwide Independent Network, a trade group for small music labels, has called on the major labels to share that money with the independent labels they distribute. Among the majors, Sony had the largest share in the company, with about 5.7 percent, according to Spotify’s prospectus. The stakes owned by the other two big labels, Universal and Warner, were not…

Continue Reading

Spotify’s Wall Street Debut Is a Success

Typically, a company lists its shares publicly as part of a broader plan to raise fresh cash for acquisitions or other investments. Spotify chose not to raise any new funds by issuing shares, which would have diluted the value of existing stakes owned by shareholders.Instead, the company is taking existing shares and allowing them to be traded on the exchange. That allows longtime shareholders — like investors and employees — to sell their shares on the exchange immediately, though for years an active secondary market has existed for Spotify stock.The Stockholm-based company, which was founded in 2006 and went online in 2008, said it did not need…

Continue Reading