SPOTIFY AT 40: Between the flurry of Pandora press releases around licensing deals and product launches, yesterday Spotify quietly announced that it surpassed 40M worldwide subs. They don’t break out the US portion of that number, which is an important asterisk on their total. As I mentioned last week, Spotify and Apple continue to grow subs simultaneously, which means the streamers aren’t stealing from one another. It’s truly a “high water level floats all boats” moment for the industry as internet-based listening continues to surge across the board. http://rainnews.com/spotify-zips-up-to-40-million-subscribers/
NO TIDAL FOR APPLE: It’s been a rough week in the trades for Tidal, so yesterday’s announcement by Jimmy Iovine that Apple has no interest in buying the streamer seems like icing on the cake. With bad financials and a relatively small sub base, many industry experts saw an Apple acquisition as the only logical end game for Tidal. Even “industry expert” Kanye West was on board with the idea based on his “give Jay his check” comment, which is one of my favorite quotes so far this year. Maybe we should start a Go Fund Me page to help Jay Z out? J https://www.buzzfeed.com/reggieugwu/apple-not-buying-tidal?utm_term=.lpjQ4EY5m#.aqX8k4gmE
WORDS TO LIVE BY: And finally, I wanted to end the week with some uplifting wisdom from Christine Koehne, who is one of Pandora’s Account Strategists in Chicago. This quote was shared in Pandora Pulse and is now making the rounds on LinkedIn. I think her comment is so spot about the mindset we should all have a various phases of our professional development. Words to live by CK – thank you for inspiring us!
Have a great Friday (and weekend) guys!
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