Snap strikes deals for licensed music in Snapchat app

Snapchat’s parent company Snap Inc has signed music licensing deals with Warner Music Group, Warner Chappell, Universal Music Publishing, Merlin and a number of members of US publishing body the NMPA. Bloomberg reported on the deals this morning, adding that Snap is testing a new feature in Australia and New Zealand that lets people add […]

Snap financials reveal user growth but also heavy losses

Social app Snapchat ended 2019 with 218 million daily active users, having added 31 million during the year as a whole – 17% year-on-year growth. That’s according to parent company Snap’s latest financial results, which were published yesterday. Is that growth in users helping Snap to turn a profit? No, it is not. Snap’s annual revenues grew […]

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