Logitech, the computer peripherals maker that has seen keyboards and mice sales hit by the advent of the smartphone and tablet, is expanding its premium Ultimate Ears (UE) brand to become a mass-market name for products that meet the musical needs of the Apple-led mobile crowd.
This necessary shift – Logitech admitted last year it had missed opportunities in this newer market – begins with the launch today of Logitech UE headphones, speakers and even an internet radio. Read more
Spotify’s international expansion after launching in the US last year is reflected in big leaps in both revenues and losses for 2011. The digital music service’s annual report, recently filed in Luxembourg, showed its revenues more than doubled from €73.9m in 2010 to €187.8m. But at the same time, losses grew by 59 per cent to €45.4m last year. Read more
Spotify, the music streaming service, has followed rivals MOG and Rdio and finally released an iPad app, but it’s been worth the wait.
The app features fast switching between different tracks, almost full-screen album art and intuitive navigation for swiping through information about artists and opening panes on similar artists. Read more
Spotify is to open its doors in Germany this week in the digital music service’s biggest launch since coming to the US last year.
It is the latest example of a digital music firm growing its global footprint as record labels become increasingly bullish on subscription services. Read more
It is a measure of how far streaming digital music services have come that Daniel Ek, co-founder of Spotify, could be feted by a room full of music industry lawyers during Grammy Awards week.
Ek, the keynote speaker at the Entertainment Law Initiative event at the Beverly Hills Hotel, hinted at the industry’s initial resistance when he pointed out that he had started Spotify in 2006 and it had taken him two years to launch in Europe and a full five years before it hit the US market last July. Read more
No wonder the record labels are sounding much more positive about music subscription services. Spotify is starting to reap the benefits of its oft-doubted “freemium” business model.
After hitting 2.5m subscribers in November, the Anglo-Swedish digital music service has now reached 3m, with more than 20 per cent of its active user base paying every month to banish advertisements or listen on smartphones. Read more