While trailing well below Spotify, the tech giant's three-year-old streaming service has been expanding rapidly and is projected by many industry watchers to surpass the Swedish company in the vital U.S. market.
Music streaming leader Spotify's paid subscriptions rose 10 percent in the second quarter, thanks to family plans that attracted new users and kept them loyal as the Swedish company races to stay ahead of Apple Music.
Spotify grows to 83 million premium subscribers, continues losing money
Spotify shares were up by 3.2 per cent to $194 on the New York Stock Exchange yesterday, valuing the company at $34.5 billion.... It now has 180m customers and has seen a surge in subscriber growth in recent years. The Sweden-based entertainment company also started reporting its quarterly earnings back in May, revealing solid revenue numbers, but pretty hefty operating losses as well.
The increase in Spotify's paid subscribers topped expectations of analysts polled by Reuters, who had forecast a 7m rise.
Evacuations Ordered After Fire Breaks Out Near Idyllwild
The San Bernardino National Forest had clouds that reached up to 50,000 feet, creating its own lightning storm as a result. Governor Jerry Brown has declared a state of emergency in Riverside and Shasta counties due to the blaze.
Spotify co-founder and Chief Executive Daniel Ek said the company continues to enjoy rising growth in paid and free users in the United States, while providing no specific figures.
Spotify said revenue growth was slowed by new European data privacy rules that require users to give explicit consent for certain uses of their information. During Q2 2018, the platform yielded a loss of €90 million (that's roughly $105 million) on €1.27 billion ($1.49 billion) revenues, which is forecasted to end up anywhere between €10 and €90 million in Q3, and between €20 and €100 million for the year-end quarter.
Ajaz Patel in New Zealand Test squad to face Pakistan
Outgoing Black Caps coach Mike Hesson has handed spinner Ajaz Patel a test call-up in one of his last acts as New Zealand coach. Tim Seifert, Mark Chapman and Lockie Ferguson will also feature for New Zealand A ahead of the T20I series.
"We did see some GDPR disruption across our European markets during the second quarter but seem to be largely past that now", the company said. "We have been doing this for years because our goal is to get as much music on to the platform as we possibly can". Apple has never disclosed a monthly-active-user stat.
However, hopes of building on the platform set by Benitez have been hit by a lack of spending in the transfer window . Newcastle remain in discussions over a swap involving West Brom striker Salomon Rondon and Dwight Gayle.
The longest total lunar eclipse of the century arrives Friday night, showcasing a blood moon for most of the Eastern Hemisphere. Why is it such a big deal? Partial eclipse , where the moon will be partly covered, will last for 3 hours and 54 minutes.
How does a chandra grahan occur? While lunar eclipses are treated with curiosity and wonder today, it wasn't always so. In India, Chandra Grahan will be visible from cities including Delhi, Pune, Bengaluru and Mumbai among others.
The teams are on their United States tour in Portland from 24 to 26 July, before moving on to Los Angeles between 27 and 29 July. The men's and women's teams are scheduled to train together for six days in both OR and Los Angeles.
Chilean global Sanchez was United's best performer in a low-key game at Carson's StubHub Centre which finished 1-1. Alexis Sanchez opened the scoring in the 12th minute before Suso equalised for Milan just three minutes later.
Last year, there was enormous optimism that a prior application from the "Winklevoss Bitcoin Trust" would be accepted. Elsewhere, the SEC recently delayed discussions of five other Bitcoin ETFs until September.
Beyonce & Her Beautiful Twins Sir Carter, Rumi Carter
To show their appreciation, Bey shared a handful of photos in an album titled: "Thank you, Europe" on her website . Of course, the photo was widely shared by the Beyhive (as her fan base is known) on social media.
Alphabet Boosts Wall Street, Pushes Nasdaq to Record High
Declining issues outnumbered advancing ones on the NYSE by a 1.39-to-1 ratio; on Nasdaq, a 1.01-to-1 ratio favoured decliners. The S&P index recorded 32 new 52-week highs and two new lows, while the Nasdaq recorded 111 new highs and 38 new lows.
Toronto gunman who killed two identified
Toronto Mayor John Tory told reporters the city has a gun problem, with weapons too readily available to too many people . The suspect had a gunshot wound, authorities said, but would not elaborate on the circumstances or cause of his death.
Ronaldo fined €19 million in tax plea
Ronaldo is now set to make his Juventus debut on the opening day of the Serie A season away to Chievo on Sunday 19 August. Last year, a Spanish state prosecutor accused Ronaldo of four counts of tax fraud from 2011-14 worth 14.7m euros.
Einstein theory passes black hole test
Information was observed by and collected with the GRAVITY, SINFONI , and NACO instruments on ESO's Very Large Telescope (VLT ). Its extremely strong gravitational field influences the surrounding area and has an impact on the motion of stars passing by.
Police detain chairwoman of Chinese vaccine maker…
The government needs to let the public know it "will punish any wrongdoers without mercy", the paper wrote in an editorial. Another company Wuhan Institute of Biological Products was also implicated in the DPT vaccine issue.
Jose Mourinho: Liverpool Must Win The League Now
Last season, Manchester City raced to the title under Pep Guardiola , achieving a record 100 points in their impressive campaign. Their ability to record consistent results, regardless of the opponent will be crucial to their chances of success next year.