Music Business News: Sweden

Spotify subscriptions grew to 165m in Q2, up by 7m on the previous quarter

Spotify published its financial results for Q2 2021 today (July 28)

Having just raised $3.5m, Swedish AI music startup Starmony lets users ‘create and release a global hit within minutes’

Company's new angel investors include music business veterans Jonas Siljemark and Ola Håkansson

HITCO-backed fan funding firm Corite to launch blockchain platform, closes US $2.2m pre-sale for $CO token

$CO will serve as the native currency of the platform

‘We want to be as transparent as possible, and as global as possible.’

Sony Music Publishing's Johnny Tennander on staying creative, and running the firm's Scandinavian company during a pandemic

‘The world is growing ever closer – and so are Universal’s global teams.’

Frank Briegmann is the latest interviewee in MBW's World Leaders series

Loss-making Spotify commits to paying out yet more money to a new type of ‘Creator’

The Spotify Greenroom Creator Fund will pay creators on its Clubhouse rival app Greenroom

Daniel Ek to launch new Arsenal bid worth over $2.8bn (report)

Ek's first bid of around $2.5bn was rejected

$1.4bn-valued Epidemic Sound grew its revenues by 49% in 2020, with a net loss of $17.8m

Company has published its financial results for 2020