Daily Archives: February 21, 2011

Spotify has stayed silent about the impact of Apple’s new subscription plans, perhaps because it was too busy negotiating $100m in new funding, but MOG has now joined the list of digital media start-ups and venerable publishers expressing consternation and confusion.

“From a principle perspective, I have a problem,” says CEO David Hyman. “We’ve spent years building this, and invested millions. It’s not clear to me why they deserve a bigger piece of my business than I get. It doesn’t feel right at all.” Read more

Tech news from around the web:

  • Spotify is in the process of closing a financing that values the European streaming music start-up at about $1bn, according to TechCrunch. DST, the venture firm that has backed Facebook, Groupon and Zynga, is said to be leading the deal.

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