Spotify

Music streaming heavyweight Spotify has just inked a deal with the world's largest smartphone manufacturer Samsung in a bit to boost their user base.

WMG CEO Stephen Cooper confirmed the company had sold its remaining shares in Spotify for $US504 million..

“Let me be clear – we’re a music company, and not, by our nature, long-term holders of publicly traded equity."

Less floor space means less impulse buying which means fewer sales.

Music streaming had a 43% growth between 2014 and 2016, while growth since 2016 was 18%.

“While illegal downloads still present a significant challenge to the music industry, there appears to be some light at the end of the tunnel."

A new study shows that some old school media platforms across the Tasman are holding up reasonably well in spite of the streaming revolution.

Apple Music is finding its feet, and apparently winning the streaming race in the U.S.

"Andrea brings a wealth of sales and management experience will take BuzzFeed’s business to the next level in Australia.”

Apple surpassed all market expectations by posting $53.3 billion, up 17% from 2017’s Q3, while profit was up 32% to $11.52 billion.