Fox Business - The Power to Prosper
Search Site

Streaming Music

Report: Spotify Mulling Autumn IPO

Spotify might be looking to make a market debut sometime this year.According to a report by Quartz, the popular music streaming company has launched informal chats with investment banks for a potential initial public offering.Spotify competes with Beats Music, Google Music (NASDAQ:GOOG) and Pandora (NYSE:P) in the streaming market. It could also soon face competition from Apple (NASDAQ:AAPL).The company may begin formal meetings as early as next month, according to Quartz, with the six-year-old service aiming for a potential IPO in the fall of this year.  A spokesperson for Spotify told FOX Business it doesn't have "any comment" on the report.Earlier this month Spotify bought Echo Nest, a music data company with a host of algorithms that help machines make music recommendations, and obtained a $200 million credit line from lenders.Among those lenders were Morgan Stanley (NYSE:MS), Deutsche Bank (NYSE:DB) and Goldman Sachs (NYSE:GS), all heavily involved in the IPO business. Similar to ...

Read More

  1. 5 Business Tasks You Can Automate with your Smartphone

    With the right apps, your mobile device can automate the tasks that used to be daily chores.

  2. Can Apple break into the wearable tech market?

    FOX and Friends’ Clayton Morris on the possibility of Apple coming out with a smartwatch that could monitor your health.

  3. Digital music sales decrease for first time since 2013

    Music Business Association president Jim Donio on digital sales in the music industry.

  4. Men's Wearhouse, Jos. A. Bank Bank Battle Rages and Other #Stocks2Watch

    Men's Wearhouse | Jos. A. Bank Clothiers [MW | JOSB]The battle between the two men's apparel companies continues after Men's Wearhouse mounted a hostile bid to buy r...

  5. Big selloff of Twitter shares

    FBN’s Lauren Simonetti breaks down the day in the markets.

  6. How to get the most out of your shiny new tablet

    Tips from Clayton Morris

  7. Sound gift advice for music lovers

    Stereo Speakers http://global.fncstatic.com/static/managed/img/Scitech/andrew-jones-stereo.jpgMost of us cannot afford a pair of $10,000 speakers, even though we may...

  8. Pandora Rival Spotify To Offer Free Mobile Service

    Pandora Media Inc. took a hit Friday, falling by 80 cents a share, or 2.8%, to $28.56 following a report that Spotify AB is planning a new, free streaming music serv...

  9. Report: Driver in deadly crash tweeted '2 drunk 2 care'

    Father of one of the victims speaks out

  10. 112713_catronio_250

    null

  11. Pandora Rival Spotify Gets $250M In New Funding

    Spotify AB has raised almost $250 million in new funding that the Swedish streaming-music company will use to expand into new markets, according to a report in the W...

  12. T-Mobile CEO: Consolidation is if, not when

    T-Mobile CEO John Legere on the company's plan to capture market share and a potential merger with Sprint.

  1. Amazon raising the price of Prime

    FBN’s Jo Ling Kent on Amazon raising the price of its Prime service.

  2. Midday Market Report: 3/11/14

    Samsung launches free streaming music service

  3. Samsung launches streaming music service

    Fox Biz Flash: Friday, 3/7

  4. Amazon music streaming service in the works?

    FBN’s Jo Ling Kent on reports Amazon is planning a music streaming service.

  5. Future of big data

    Author Patrick Turner on whether people should embrace big data.

  6. Lea Michele kicks off her solo music career

    'Glee' star releases very personal debut album

  7. 8 Best Apps for Business Collaboration

    Some work projects are too big to tackle alone. But it's not always easy to make sure every member of your team is on the same page. 

‹ Prev12345Next ›
Freebase CC-BY
Source: Streaming Music on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL