MTN South Africa has announced the launch of MusicTime!, which it says is a world-first offering from Simfy Africa. MusicTime is a time-based music streaming service, offering users premium trending and locally relevant music through partnerships with key music labels and providers. The offering includes a countdown timer, top trending music and data. The timer clocks down as users listen to music. MusicTime! is available for 120 minutes for ZAR 5 or 300 minutes for ZAR 10, both valid for seven days from purchase. There are no subscriptions, no hidden data costs and no advertisments. https://music.einnews.com/article/470430133/jPLJ5m-JxGbc0Jml?ref=rss&ecode=F71-eCp0PRGspQOT
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China’s largest music-streaming service, Tencent sets $1.1 b
NEW YORK, U.S. – Chinas largest music-streaming service, Tencent Music Entertainment Group has raised nearly $1.1 billion in its U.S. initial public offering (IPO). The music arm of the Chinese social network and gaming giant Tencent Holdings Ltd., said in a filing with the Hong Kong stock exchange that the music streaming company raised close to $1.1 billion after pricing its shares at the bottom of a marketed range. The company said that in its filing that it had priced its American Depositary Receipts (ADRs) at $13 per share, which was at the low end of its indicated $13 to $15 per share range. According to the company’s statement, Tencent Music sold 41 million ADRs, and its existing shareholders sold a further 40.9 million, with a total of 82 million ADRs sold. So far this year, Tencent Musics U.S. IPO is the fourth largest among Chinese firms by deal value. For January-September, Tencent Music reported a 244 percent profit jump to $394 million. On Wednesday, Tencent Music will officially begin trading on the New York Stock Exchange under the symbol ‘TME.’ Tencent Music added in the filing that its IPO will debut the company at a valuation of about $21.3 […]
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What’s the Most Popular Music Streaming Service of 2018?
2018 will go down as a big year for music streaming services. Millions of people around the globe are transitioning to digital music as a subscription service, ditching CDs and even the pay-per-download model. Several of the biggest music streaming companies had initial public offerings this year, including Spotify Technology (NYSE:SPOT) and Tencent Holdings‘ (NASDAQOTH:TCEHY) recent partial spinoff of Tencent Music Entertainment (NYSE:TME). Here in the U.S., though, an old name reclaimed the top spot this year in the music streaming business. The biggest at home For the past couple of years, Apple‘s (NASDAQ:AAPL) growth strategy has been focused on its subscription services, and Apple Music is a tentpole in that segment. After surpassing 50 million users globally back in the spring, Apple Music just stole the top spot in America from Spotify. Both services have over 20 million paying subscribers in the U.S., according to a report from Digital Music News. It’s a tight race between the two companies, one that will probably continue to unfold over the coming years. At this point, Apple has more momentum in the States, though, getting a boost from cross-selling services alongside devices ranging from the iPhone to Beats headphones to the new HomePod smart speaker. […]
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SYBS–Flex on the Beat
SYBS is a transatlantic, cross genre and pan cultural musical experience made up of artist/production duo Dobi and Yugy. The sibling duo are of Nigerian descent but currently split their time between London, Los Angeles and New York. The exhilarating sound of SYBS is a contemporary fusion of urban pop, R&B and African influenced rhythms. In their own words “It’s music that hits your head, hips and heart”. Dobi says “Besides the name touching upon us being brother and sister, the name also represents how music brings us all together and that makes us all siblings”. Adding to the poignancy here is that music also brought Dobi and Yugy together. “We were not that close as brother and sister when we were younger. It was ultimately a shared love of music that helped us find common ground and develop a stronger relationship over the years” Yugy says. SYBS is the culmination of two parallel lives in music. Dobi and Yugy share a grounding in classical music and panoramic listening tastes. The siblings are influenced by and grew up in a house where Beethoven, Mozart, West African High Life, Afrobeat, The Beatles, Motown, Sam Cooke, Madonna, Sade, Abba, Stevie Wonder, Michael […]