When Spotify raised more than $500m this month in a funding round that valued the music streaming company at $8.5bn, investors played down the risk of it being crushed in a bruising battle with Apple. For the full story read next.ft.com
Apple is accused of attempting to launch its new Spotify rival, Apple Music, in a way that would leave Britain’s independent record labels “completely screwed” and struggling to survive
The UK’s Official Charts Company has launched the country’s first weekly vinyl charts, responding to a resurgence in consumer demand for the old-school format. Vinyl sales last year hit their highest level in the UK in 20 years, with 1.29m LP records sold.
Vivendi’s Universal Music Group and advertising group Havas have joined forces in the hope of boosting revenue from artists via data mining at a time of falling record and digital sales
