Thursday, May 23, 2013
Advertisement:
What is RSS/XML?
Subscribe to FMQB News.

Coca-Cola Invests In Spotify
November 15, 2012

Earlier this week, it was reported that Spotify was close to finalizing $100 million in financing that would bring the digital music service's value in at just over $3 billion. As of Monday, Goldman Sachs was the only investor identified, but now The New York Times reports that Coca-Cola and Fidelity Investments are two other investors involved in the financing round.

The Times' sources say roughly half of the $100 million investment comes from Goldman Sachs, with about 10 percent from Coca-Cola and 15 percent from Fidelity. The remaining 25 percent is coming from Spotify's existing investors.

The paper notes that earlier this year, Coke and Spotify announced a marketing partnership but no specifics were ever revealed beyond a promise to help the digital music service expand globally into new markets.




 
Breaking News
Mat Mitchell Named PD For KZZP & KYOT/Phoenix
Kirdis Postelle Named SVP Of Marketing For Capitol Music Group
Cox Enterprises Donates $1 Million For Oklahoma Relief
SiriusXM CEO Meyer Touts "Superior Revenue Model"
Monte & Avery Lipman Deliver Commencement Speech At University Of Albany
In Brief - May 22, 2013
FMQB FYI... Links You Should Know About
May 21, 2013
Arbitron & Edison Release More Infinite Dial Data On AC P1s
Rob Wells Joins Universal Music Group's Executive Board
Spotify Launching Top 50 Charts
Pandora To Preview New Releases With "Pandora Premieres"
Bill Pugh Named PD Of KFOG & KSAN/San Francisco, Dennis Constantine Exits
Jacobs Media Releases Techsurvey 9 Data On News/Talk Format
Duke Professor Connolly Rumored As Next FCC Nominee
NAB Commends Broadcasters On Oklahoma Tornado Coverage
In Brief - May 21, 2013
May 20, 2013
Clyburn Takes Over As Acting FCC Chairwoman
Report: "Song Skipping" Option Holding Back Apple's iRadio
Dave & Chuck The Freak Named New WRIF/Detroit Morning Team
In Brief - May 20, 2013
May 17, 2013
eQB NOW
The Week In Review: 5/13-5/17
RAB: Radio Revenue Flat In Q1 2013
Drew & Mike Say Goodbye At WRIF/Detroit
Jacobs Media Release Techsurvey 9 Data On Christian Radio
CHR Innovator Paul Drew Passes Away
In Brief - May 17, 2013
Music News
Vampire Weekend Notches Best Sales Week Yet
Metallica Writing New Tunes, But Focused On Film
Quick Hits: One Direction, Daft Punk, Trevor Bolder, Interlocken Music Festival
Doors Keyboardist Ray Manzarek Passes Away
Johnny Marr: Don’t Shoot The Messenger
Quick Hits: Prince, Cee-Lo Green, Thirty Seconds To Mars, The X Factor, The Transplants, Sick Puppies, Cage The Elephant, First City Festival, The Clash
Taylor Swift Dominates Billboard Music Awards
Kanye West Unveils New Songs On SNL
Chester Bennington Joins STP At KROQ Weenie Roast, Release Single Together
Quick Hits: Beyonce/Jay-Z, The Voice, Ed Sheeran, Coachella, Interlocken Music Festival, The Beatles
Britney Spears To Hit The Studio Next Week
The Week In Review: 5/13-5/17
Quick Hits: American Idol / Candice Glover, Madonna, Emeli Sandé, PSY, Cody Simpson, Nine Inch Nails, Summerfest, The Pogues
Beck, Frank Ocean Among Nominees For MTV's Eclectic O Awards
Quick Hits: The Voice, Riot Fest, Drake, One Direction, Franz Ferdinand, Nine Inch Nails, The Beatles, Bruce Springsteen & Dropkick Murphys, Slayer, Killswitch Engage, Mayhem Festival
FMQB NOW

Tias Schuster, OM/PD
WFBC & WSPA/Greenville, SC

Advertisement:
Search FMQB.com
Advertisements:
FMQB Member Login
Email:
Pass:

Save
Not a member yet?
Sign up Now!
Sign Up for Breaking News!
Enter FMQB E-Tracking!