News Investor appetite for Roblox wanes as bookings drop 4% in Q2, missing forecasts Firm posted a net loss of $176.4 million in Q2
News Spotify’s online studio Soundtrap launches live collaboration, auto-save tools Soundtrap will showcase the new tools in a Spotify for Artists Masterclass video to be released Wednesday
News Deezer to expand in Germany via partnership with broadcaster RTL Spotify rival looking to employ the same strategy it used in Brazil, Deezer’s No.2 market
News Spotify to roll out separate ‘Shuffle’ and ‘Play’ buttons for paying users Feature is expected to be available in the coming weeks through updates on iOS and Android mobile devices
News Major record labels reach last-minute settlement with US ISP Bright House in copyright lawsuit Settlement marks end of three-year litigation between Bright House and record companies
News India-based telco Airtel poised to buy loss-making Spotify challenger Gaana Discussions between the parties have reportedly been going on for a few months
News Spotify quietly discontinues ‘Car Thing’ device shortly after US launch Device was unveiled by the streaming giant in April 2021
News Bruce Springsteen’s manager Jon Landau breaks silence on $5,000 tour tickets Landau defends pricing, which has been based on market demand
News Lady A, Brad Paisley sell publishing catalogs to HarbourView Equity Partners HarbourView was founded nine months ago by former Tempo Music CEO, Sherrese Clarke Soares
News Managers of Bad Bunny, The Killers join $3 million fundraising for ‘the LegalZoom for the music business’ The startup aims to make legal documents accessible for millions of artists
News $6 million in crypto tokens stolen by hackers from blockchain music streaming platform Audius A hacker traded digital AUDIO tokens for less than $1.1 million worth of Ethereum
News FaZe Clan goes public on Nasdaq via SPAC merger; share price falls 24% in first day of trading FaZe Clan is run by ex-music industry veteran Lee Trink, alongside ex-BMG exec Zach Katz
News DistroKid’s 2 million artists join Jaxsta’s global music credits database Jaxsta, meanwhile had a market cap value of AU$10.6 million as of Wednesday (July 21)
Analysis News Netflix lost 970,000 subscribers in Q2. How will Spotify fare? ARM, Netflix's equivalent of ARPU, was up 7% at constant currency YoY