the-industry Archives

Spotify says fights piracy, has paid $2 billion to artists, industry

November 11, 2014 publisher entire-catalog, fights-music, its-business, michael-roddy, model-on-monday, music-streaming, spotify, the-industry

By Michael Roddy LONDON (Reuters) – The music streaming portal Spotify made an impassioned defense of its business model on Monday, saying it fights music piracy and had paid out $2 billion to the industry and artists since its launch in 2008. The statement in a blog post by CEO Daniel Ek came a week after U.S. singer Taylor Swift pulled her entire catalog from the popular streaming site as she released her new album “1989”, which immediately soared to the top of the U.S.

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Alibaba reports record $9 billion Singles’ Day sales

November 11, 2014 creative alibaba-group, china, chinese, entire-catalog, hangzhou, michael-roddy, model-on-monday, music-streaming, reported-more, retail, the-industry

By Adam Jourdan HANGZHOU China (Reuters) – E-commerce giant Alibaba Group Holding Ltd reported more than $9 billion in sales on China's Singles' Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar.