Spotify Lost Lots of Money but Grew Revenue
Peter Kafka, writing for Re/Code, on how Spotify lost a lot of money last year, but revenue grew:
Filings show that Spotify, based in Sweden and the U.K., generated revenue of $2.12 billion last year, up about 80 percent from the $1.18 billion it brought in the prior year (all prices in the story converted from euros to dollars at the exchange rate from December 31, 2015). Losses, meanwhile, hit $188.7 million — but that number was only up 6.7 percent from the previous year’s total of $176.9 million.
It looks like their paid subscribers hit 28 million.
Somos – “Problem Child” Video
Somos have released their new video for “Problem Child.”
Story Untold Sign With Hopeless Records
Story Untold have signed with Hopeless Records. They’ve released a new self-titled EP and the video for the new track “History.”
Twitter Changing Up 140 Character Rules
Twitter has announced some changes to how they’re going to be handling tweets, media, and @-replies on the service.
[Y]ou can already do a lot in a Tweet, but we want you to be able to do even more. In the coming months we’ll make changes to simplify Tweets including what counts toward your 140 characters, so for instance, @names in replies and media attachments (like photos, GIFs, videos, and polls) will no longer “use up” valuable characters.
Souveneer – “Tongue Tied” Video
Souveneer, the new project from Mason Maggio of The Republic Of Wolves, has released his new music video for “Tongue Tied.”
Snapchat Looking for $20 Billion Valuation
Snapchat is currently raising more money at around a $20 billion valuation.
TechCrunch has learned from multiple sources that Snapchat is raising yet more financing at around a $20 billion valuation. Sources with knowledge of the deal say the social media giant is in the process of a round of about $200 million.
I didn’t really get Snapchat until I started to use it more. There’s something freeing about the app that separates it from the other social apps I use. I think knowing that things you post aren’t forcing themselves into your followers’ feeds (freeing you from being worried about spamming them), and knowing it’ll disappear within a day (freeing you from feeling embarrassed something is up forever), and being able to post quick random videos, makes the app oddly more sticky than I would have expected.
The Spill Canvas Added to Acceptance Dates
The Spill Canvas have been added to three of Acceptance’s upcoming shows. After their summer tour the band plans to head back into the studio to record their first album in over four years.
Mutemath – “Used to” Video
Tumblr: Guns Replaced With Selfie Sticks
Leftover Crack – “Bedbugs & Beyond” Video
Leftover Crack have premiered their new video for “Bedbugs & Beyond.”
Blessthefall Announce Summer Tour
Blessthefall have announced a summer tour with Like Moths To Flames, Get Scared, and Picturesque — you’ll find all the dates below.
Behind the Pebble Core
Steven Levy, writing for Blackchannel, on the new device from Pebble called the “Pebble Core.” It’s basically a little keychain sized device that can stream music from Spotify.
Today, Pebble is launching Kickstarter campaigns for three products. Only two of them are smart watches. It’s the third product that will garner the most attention. It’s a Pebble that’s not a watch. It is optimized for a single task: taking a run. It’s a white plastic and black rubber block, a little thicker than a mahjong tile, with an orange clasp that grasps a keyring. It plays music, has GPS and other sensors that can track activity, and a 3G cellular modem that allows it to work even if your phone isn’t on you.
Julia Louise Signs with No Sleep Records
Julia Louise has signed to No Sleep Records and released the new song “Shock Therapy.” The new album Insatiable will be released on June 10th.
Comixology Unlimited
Comixology has unveiled a new “unlimited” package for their comic book reading app, Six Colors has a good run down on what this means:
The idea of Comixology Unlimited is exactly what you’d expect: for a monthly fee—in this case, $6—you get access to a library of titles that you can read at your leisure. Unlike Marvel’s offering, there are a lot of different publishers here, such as heavy hitters like Image and Dark Horse, and other popular houses like Dynamite, Oni Press, IDW, Valiant, Fantagraphics, and way, way more. Not present, though are titles from Marvel, obviously, or from its chief rival, DC. That leaves the home of Superman, Batman, and Wonder Woman as the remaining major publisher not to offer a subscription service.