Techmeme

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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
Peter Kafka / Recode:
Streaming service ESPN Plus launching next month at $4.99/mo; sources say it won't have ESPN cable channels' content, which still requires ESPN subscription   —  How much would you pay for sports you weren't watching on TV?  —  Want to pay for a subscription to ESPN without paying for a subscription to other cable channels?
Feb 6, 2018, 9:10 PMIn context
Peter Kafka / Recode:
Facebook to show more stories from local news sources in News Feed, will identify local publishers by looking at clicks in tight geographic areas   —  It's the third big change Facebook has announced in the last month.  And at least one more is coming.  —  Facebook says it will bring …
Jan 29, 2018, 3:11 PMIn context
Peter Kafka / Recode:
Spotify's Chief Content Officer Stefan Blom is leaving ahead of its IPO; the company hasn't named a successor yet   —  Stefan Blom's departure may raise questions.  —  Spotify's top content executive is leaving, just ahead of the streaming music company's planned public offering.
Jan 5, 2018, 10:40 AMIn context
Recode:
Sources: TPG and Dragoneer converted Spotify debt into equity at ~$10B valuation, sold it to Tencent at ~$20B, solving Spotify's $1B debt problem ahead of IPO   —  Big investors TPG and Dragoneer get a nice return, and Tencent gets a piece of the streaming music company.  Everybody happy?
Jan 3, 2018, 10:35 PMIn context
Peter Kafka / Recode:
Splice, a startup that sells digital tools and music samples to musicians, raises $35M Series B led by DFJ Growth   —  Steve Martocci's first company was a text messaging service.  Now he's behind the scenes of a Demi Lovato song.  —  Making money selling songs is hard: Just ask Spotify …
Dec 18, 2017, 12:26 AMIn context

Sponsor Posts

Microsoft:
Showcasing Industrial IoT innovations at Hannover Messe 2018  —  This week at the world's largest industrial fair, customers and partners display how they're betting on Microsoft, from cloud to edge devices.
eero:
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Internet Association:
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