 RAIN 2/21: Spotify valued at $1 billion as more investment looms ·Feb 21, 09:37 AM $100m REPORTEDLY COMING THE SWEDISH MUSIC COMPANY’S WAYTechRadar reports that a number of venture capitalist sources, including Digital Sky Technologies (DST), has valued on-demand music service Spotify at $1 billion. The Swedish company also seems to be in store for more investment — DST is said to be leading a $100 million round of fundraising.
DST is the same company “that has given significant backing to Facebook, Groupon and Zynga,” reports TechRadar (here). Spotify is not yet available in the U.S. as the company has not yet reached agreements with all major record labels. ARCHOS “READY TO EXTERMINATE YOUR CLOCK RADIO”Consumer electronics company Archos has thrown their hat into the tabletop Wi-Fi radio game with the Arnova. The device features a 3.5” touchscreen and access to over 12,000 Internet radio streams. It’s “ready to exterminate your clock radio, your Squeezebox too,” writes Engadget.
The Arnova also can play music on an SD card or stored on your network. Interestingly, it also streams over 1,500 Internet TV channels. No word on pricing yet. Engadget has more coverage here. WIRED REVIEWS NAIM’S “POSH” STREAMING MUSIC HUBLong-time British amp maker Naim has launched a streaming music hub capable of streaming Internet radio and home music collections. Called UnitiQute, the gadget is “a posh hi-fi plaything,” according to Wired. The publication put the device through its paces and found lots to like.
“Naim has been building amps for 40 years, and its experience shows…Low-key looks, but built like a tank.” On the other hand, the UnitiQute costs $2,000, so it definitely “isn’t for the DIY crowd — U.K.-built hi-fi has never been for budget-minded buyers. But if you want a compact high-performance, plug-and-play, all-in-one music player, it’s tough to beat.” Find the full review here. share: del.icio.us.  Reddit  Digg  Yahoo  Wink  Windows  Google  Newsvine 
CommentCommenting is closed for this article.  Other stories RAIN has upgraded (and moved)! RAIN 9/13: RAIN Summit Chicago takes place today! RAIN 9/12: First Summit in RAIN's hometown takes place tomorrow RAIN 9/9: Summer holidays, "doldrums" impact July Webcast Metrics, but audience up over last year RAIN 9/8: Clear Channel launches new customizable iHeartRadio beta; RAIN goes hands-on RAIN 9/7: Meet more speakers you'll hear at RAIN Summit Chicago in less than a week RAIN 9/6: Clear Channel taps The Echo Nest to take on Pandora RAIN 9/2: RAIN reviews Spotify's radio-like product Artist Radio RAIN 9/1: UK online radio aggregator Radioplayer campaigns b'dcasters to create "all radio" ratings RAIN 8/31: Execs from Merlin, Triton Digital, jacAPPS and more to appear at RAIN Summit Chicago |
