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Spotify and Tencent Music buy stake in each other

Two of the world’s most popular online music streaming services are buying shares in one another. Spotify and China’s Tencent Music Entertainment will buy minority stakes in each other, the companies have said. Neither the value of the deal nor the new shareholding sizes were disclosed, but reports have suggested they will both be taking a 10% stake. Tencent Music Entertainment’s owner, Tencent Holdings, will also separately buy a minority stake in Spotify. Spotify launched in 2008 and now provides music streaming to 140 million users globally, of which 60…

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Dua Lipa is Spotify UK's most-streamed female in 2017

She’s got chart hits, she counts ’em: Dua Lipa has beaten Beyonce and Taylor Swift to become Spotify’s most-streamed female of 2017 so far in the UK. The pop star’s smash hits include New Rules, a musical instruction manual for people tempted to contact their exes, which has been streamed 464 million times worldwide. She has also scored 453 million streams for the brooding Scared To Be Lonely. Ed Sheeran is the top artist overall, with 6.3 billion global streams. His album ÷ was the biggest album of the year,…

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Taylor Swiftly breaks three YouTube and Spotify records

The scene in Taylor Swift’s new video where she raids the bank vault of a music streaming company is coming true. In just four days, the star has broken three major streaming records, beating the likes of Adele and Ed Sheeran. Look What You Made Me Do was played more than eight million times on Spotify last Friday, more than any other song has achieved on its first day of release. The video also broke YouTube’s one-day streaming record. It received 28 million views in 24 hours, overtaking Adele’s Hello….

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Spotify removes white supremacy music after events in Charlottesville

Spotify has removed several white supremacist bands from its service, following recent events at Charlottesville in America. Earlier this week, a music news website published a list of 37 “white power” bands which were being streamed online. Less than 48 hours later, Spotify announced they had removed some of the bands from its service in America. The Swedish company says it is also considering taking down the other named artists on the list. However, many of the artists in question are still available for streaming in the UK. Newsbeat has…

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Spotify denies promoting 'fake artists'

Music streaming service Spotify has denied that some of its playlists contain music tracks by “fake artists”. A music industry publication listed 50 artists it claimed were not real. They have racked up millions of streams by appearing on mood-based playlists such as Sleep and Ambient Chill, but many have no other visible profile. However, one industry expert told the BBC Spotify was “not committing a crime” if it was commissioning tracks or buying production music. “We do not and have never created ‘fake’ artists and put them on Spotify…

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