five hottest digital music discovery start ups :

the list of music discovert start ups


Music Discovery, Recommendation and Creation start ups:Every year, at conferences like Midem and Berlin Music Week, latest music start ups and music discovery engines make their debut as latest start ups as the digital music newcomers Here are the most promising  top 5 music digital music startups

1.)Audioshot (USA)An iPhone app that gets people to send songs to friends via other messaging apps: Snapchat, Instagram, Facebook Messenger and WhatsApp for example.

2.Fusic (Israel) An iOS and Android app that “takes the selfie to the next step” according to its app store listing. That means getting people to film videos of themselves singing, lip-syncing or dancing to their favourite songs, with that footage then being integrated with the song’s original video, for sharing.

3.)Mixcloud ( London) founded in 2008, positions itself as the “home for on-demand radio shows, DJ mixes and podcasts”. The service, which counts about 10 million monthly users, recently introduced subscription plans in an attempt to  monetize itself

 4.)Deezer ( France )Music streaming service Deezer, founded in 2006, is live in more than 180 countries around the word. The company is backed by approximately $150 million in financing. Deezer claims to have 16 million active users and 5 million paid subscribers.

5)SoundDrop (Norway)Founded in 2011, Soundrop offers a social music discovery app as well as marketing tools for artists and labels to promote their music. The startup has about $6.4 million in funding to date . It has offices across Oslo, New York, Los Angeles and London.

Start Up Focus :The making and funding of Spotify

CEO and Co-Founder of Spotify Daniel Ek became a multimillionaire at age 23 when he sold an online advertising company in his native Sweden in 2006.

Not many know that it was a rejection  from Google which made " Daniel what he has achieved today As a 16 year old he was turned away when he applied for a job at Google. This, daniel says was a start of a journey and a turning point  " when he undertook a resolution' of not letting age interfere with his knowledge and subsequently gave birth to an idea, which he has since never looked back 

The idea behind Spotify was " the opportunity" it gave to  the sputtering music industry to create an alternative to music-piracy services such as Napster. Spotify gives a cut of the revenue to record labels and music publishers, which in turn pay out their artists and songwriters at varying rates.

The major labels – Vivendi SA’s Universal Music Group, Sony Corp.’s Sony Music Entertainment and Access Industries’ Warner Music Group – also own about 15%of the company, collectively. Spotify reported in November that its 2013 revenue was €747 million ($842 million) and it lost €57.8 million ($65 million).

 Spotify revenue model is based on a bait that " offers a limited, free version of its service", hoping users will eventually subscribe. The company counts 15 million subscribers to its $9.99 premium plan, and about 45 million active users of its free, ad-supported version – by far the biggest global user base of any subscription music offering

List of  VC  Funding and Equity Investments in Spotify; As of 2015 137 VC funding firms have a stake in the company