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Peter Kafka / Recode:
Dan Rose, Facebook's VP of partnerships who led deals such as its Instagram buy, leaving in Feb.; sources: Facebook has likely identified replacement internally   —  It's the second big-deal Facebook departure this summer.  —  Dan Rose, a top Facebook executive who oversaw …
Aug 22, 2018, 5:10 PMIn context
Peter Kafka / Recode:
YouTube launching a paid version of YouTube Music next week at $10/month; YouTube Red being replaced by YouTube Premium at $12/month   —  YouTube Music is launching Tuesday, and YouTube Red is going away.  It's being replaced by YouTube Premium, and it will cost extra.
May 16, 2018, 10:02 PMIn context
Peter Kafka / Recode:
YouTube quietly reached an agreement with Vevo last year to sell Vevo's clips directly to advertisers as part of Google Preferred   —  Good for YouTube and for the music labels.  What about for Vevo?  —  The world's biggest video site is also the world's biggest music video site.
May 7, 2018, 6:20 PMIn context
Peter Kafka / Recode:
Warner Music Group has sold 75% of its stake in Spotify for ~$400M; Sony said last week it sold about half of its Spotify shares for ~$750M   —  First Sony, now Warner Music Group.  —  As Spotify was getting its subscription music service off the ground, the world's biggest music labels took equity stakes in the company.
May 7, 2018, 10:55 AMIn context
Peter Kafka / Recode:
May 1, 2018, 10:40 PMIn context
Peter Kafka / Recode:
Spotify, which posted operating loss of $461M in 2017, thinks its reliance on labels will ease; sources: hope is more artists will work directly with Spotify   —  The streaming music company wants to get more music — and more profitable music — from the little guys.
Apr 3, 2018, 11:50 AMIn context
Peter Kafka / Recode:
Spotify issues guidance for 2018: 96M subs, up 36% YoY, $6.9B in revenue, up 30% YoY, 25% gross margin, up from 21%, $409M operating loss, down from $500M   —  Ahead of its IPO, the streaming service is offering its first-ever guidance: Revenue, subs and margins will be up, operating losses will go down.
Mar 26, 2018, 8:45 AMIn context
Peter Kafka / Recode:
Google and Facebook were built to destroy publishers, not help; Google's $300M pledge to journalism won't go directly to publications, who need real checks   —  Guess who's winning?  —  For argument's sake, let's believe that Google believes its newest efforts to boost publishers …
Mar 20, 2018, 10:20 PMIn context
Peter Kafka / Recode:
Netflix data shows that while only 25% of users sign up on TVs, most viewing, ~45% after one month and 70% after six months, happens on TVs   —  Most Netflix subscribers sign up on phones or computers.  But 70 percent of viewing happens on TVs.  —  You can watch Netflix in almost every country in the world, on any device you want.
Mar 8, 2018, 12:55 PMIn context
Recode:
Spotify's gross margin has grown from 16% to 21% from 2014 to 2017, but since it pays per stream, it still must figure out how to turn usage growth into profit   —  Spotify generates billions in revenue and gives most of that money to the music labels.  But it is gaining leverage and getting better margins.
Feb 28, 2018, 10:25 PMIn context

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