Music Business News: Europe

Spotify revenues hit $3.3bn in 2016 – but net losses soared to $597m

Finance costs hammer Daniel Ek's company as subscriptions fly

Spotify surpasses 140m active users – up by 100m in just three years

Audience jumps by 40m in just 12 months

Chris Butler succeeds Andrew Jenkins as Chair of ICMP

Butler says he's 'delighted' to join organization

Rob Stringer named as this year’s MITs Award recipient

British exec will collect gong in November in London

Warner Music France boss Thierry Chassagne honored as Knight of the National Order of Merit

Presentation to exec made by ex-WMG head Bernard de Bosson

Merlin deals paying out the equivalent of nearly $1m a day to independent labels

Payouts grow 52% over past year - but online 'value gap' is dragging these numbers down

Zena White named MD of Partisan Records and Knitting Factory Records

Former The Other Hand MD will initially be London-based before moving to NY

Adam Granite exits Sony after 21 years

Exec most recently served as President, Northern & Eastern Europe and Africa