Taylor Swift clearly touched a nerve at Spotify last week when she pulled all of her music from the streaming service.
Daniel Ek, Spotify’s chief executive, has responded to her move by publishing a 1,800 word essay that defends the company’s business model and reveals some fascinating numbers about its growth. Read more
The Economist, the 171-year-old weekly magazine, is launching its first daily edition.
The new product, called The Economist Espresso, will be available from Friday via smartphone apps and email. It takes the form of a daily briefing that is designed to be read in a few minutes each morning, and is part of a drive to expand The Economist’s digital audience following the first circulation decline in more than a decade. Read more
The New York Times Company and Axel Springer are hoping that a little-known Dutch start-up called Blendle may hold the key to making money from news online.
The two media groups have paid a combined €3m to acquire a 23 per cent stake in Blendle, which was founded last year and styles itself as the “iTunes for journalism”.
Blendle was launched in the Netherlands in April and sells individual articles from a number of newspapers and magazines to internet users through its website and app. On average an article costs 20 cents. The pricing per article is set by the publishers and revenues are split 70:30 between the publisher and Blendle. If a reader doesn’t like an article, they can ask for a refund. Read more
Google has fired off a new salvo in its campaign to convince the world that Glass is cool rather than creepy.
A month after telling early adopters of the wearable technology how to avoid becoming a “Glasshole”, Google is now attempting to win over the public with a Buzzfeed-style list of “The Top 10 Google Glass Myths”. Read more
Technological utopians have been predicting for years that the internet will weaken the dominance of superstar artists in the music industry and enrich the teeming masses of smaller, niche creators.
But new research suggests that this “long tail” theory is wrong: superstars are capturing the vast majority of music revenues and their share is increasing – not decreasing – because of the rise of digital services like iTunes and Spotify.
The top 1 per cent of artists – the likes of Rihanna and Adele – accounted for a whopping 77 per cent of recorded music income in 2013, according to research by Mark Mulligan of Midia Consulting. Read more
A National Security Agency employee who co-chairs an influential cryptography standards group has survived an attempt to oust him following accusations that he promoted a flawed security protocol.
Kevin Igoe, a senior cryptographer at the NSA, is joint chair of the Crypto Forum Research Group. The CFRG plays an important role in online security because it provides guidance on cryptographic techniques to the Internet Engineering Task Force, a standard-setting body that helps shape the internet. Read more