Spotify is on a Roll, But it’s Coming at a Cost

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Spotify is on a Roll, But it’s Coming at a Cost

No Comments 11 October 2011

The company reported a 2010 loss of $41.5 million after taxes, compared to a loss of $26 million in 2009.  The loss comes despite a 458% increase in year over year revenue to $98.8 million in 2010. Ad revenues grew from $7 million to $28 million in that period, while its subscription revenues increased from $10.6 million to $70.5 million.

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Cheap Trick Lobbies Congress to Regulate Temporary Stages

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Cheap Trick Lobbies Congress to Regulate Temporary Stages

No Comments 11 October 2011

Rick Nielsen’s next stop was to be Capitol Hill, where he and Frey intended to urge congressmen to regulate temporary stages to help prevent future collapse incidents from happening. Besides his own near-miss, he’ll have plenty more to talk about with legislators.

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Change of Command Set at Bertelsmann

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Change of Command Set at Bertelsmann

No Comments 11 October 2011

Bertelsmann, the German media conglomerate, said that its chief executive, Hartmut Ostrowski, would step down at the end of the year, citing “personal reasons” for the surprise move.

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