Music Business News: Sweden

Turns out Spotify acquired The Echo Nest for just €50m

Initial reports said deal was worth $100m

Spotify revenues topped €1bn in FY2014 – but losses grew 77% to €165m

Operating losses up 77% to €165m in FY2014

Bauer buys 20 radio brands in the Nordics

Sweden's Mix Megapol included in deal

Spotify’s Daniel Ek launches conference for ‘Brilliant Minds’. Tickets cost $2,900.

Symposium Stockholm takes place between June 8-13

Universal may hold key to Spotify’s $400m injection

To be valued at $8.4bn, Spotify may need its UMG deal done

Spotify ad revenue jumped 53% in Q1

Mobile revenue leaps up 380% in the same period

‘Major labels are paying artists more generously than they used to’

IFPI research suggests more of the pie is being shelled out by record companies

Spotify closing in on $400m of new financing

Values company at $8.4bn, says WSJ