Spotify is now matching your music taste to podcasts. The new predictive algorithm is one of a host of new products the Swedish company announced Monday.
It also unveiled a new premium service called HiFi with improved sound and a Snapchat-like feature for artists to share video clips.
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A consortium including the Chinese-based music platform Tencent Music Entertainment announced Friday it has bought another 10% stake in Universal Music Group, which values the company at 30 billion euros. It bumps the consortium's total stake in the L.A.-based music giant to 20%.
The move will help TME's parent company Tencent broaden its reach as a leading player in music and gaming across China.
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Sonos — a company known for their speakers — is quietly becoming a player in the world of audio content. The company launched Sonos Radio earlier this year and last week investing in the studio that produced Demi Moore's series "Dirty Diana."
The Santa Barbara-based manufacturer led a $6.4 million Series A round into QCODE, the Los Angeles podcast startup run by a former Creative Artists Agency talent agent. C Ventures also joined the round. Sonos is taking a page from other tech giants that have been acquiring and investing heavily in small podcast studios.
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