Vimeo’s latest funding round values the company at $5bn

We last wrote about video streaming service Vimeo in November 2020, when it raised $150m in a new funding round, as parent company IAC mulled a spin-off for the service. Now the company is turning to investors again, raising another round of $300m which IAC said values Vimeo at more than $5bn. In fact, it quantified the ‘more’ […]

BBTV says its music video content gets 391m monthly viewers

BBTV is one of the companies that works with music artists and channels to boost their YouTube performance: clients include mtheory (Major Lazer included); Future Classic (Flume included) and 21 Savage. Now the company has published its latest stats on how its roster of channels and videos is doing on YouTube. It claims that in […]

Swedish startup Staccs preps music concerts streaming service

A lot has been written about the growth of livestreamed music performances during the Covid-19 pandemic – including some shows that were pre-recorded. Meanwhile, some artists and labels with archives of past concerts have been exploring YouTube as a way to keep fans entertained, including using its premieres feature to turn them into social events. Now […]

SoundCloud adds profile verification and Rotor Videos deal

Bad news for anyone whose hobbies include masquerading as popular musicians on SoundCloud: the service is finally introducing proper blue-tick profile verification. Billie Eilish, Wiz Khalifa and Trippie Redd are among the first to get the checkmark, although SoundCloud turned the revealing of others into a day-long social marketing campaign with posts on its Instagram, Facebook […]

Deep Word is the latest startup creating synthetic video

The word ‘deepfake’ already has negative connotations: of people manipulating photos, audio and/or video for nefarious purposes. That’s why you’re going to hear the word ‘synthetic’ a lot in the coming months: the same technology, but being put to more positive work than misinformation or the really worrying stuff. Deep Word is an interesting example of synthetic […]

Patent filing: Spotify experimenting with TikTok-like user-generated videos

Spotify has filed a patent for a feature that would allow users to create “video moments” with accompanying music within the Spotify app, Digital Music News reports. The short videos, with high-quality embedded music, would be sharable outside of the app and would be discoverable alongside the song itself: so searching for a song could also […]

Indian short-video app Moj has 50m users a month after launch

TikTok’s ban in India has created a feeding frenzy among other short-video apps, from Roposo, Zili and Dubsmash to streaming service Gaana’s new HotShots. One app we hadn’t written about yet was Moj, which was launched in early July by social networking firm ShareChat. It was downloaded more than 1m times in its first week, but judging by figures shared […]

Social video editing app Trash adds features for musicians

We reported on the launch of Trash last June: an AI-powered video editing app launched by Hannah Donovan, formerly of Vine and This Is My Jam. Then, in January this year, her pitch won the startup showcase section of the NY:LON Connect conference in New York, with Donovan explaining that Trash had been licensing music for use in […]

Video-streaming startup Quibi raises $750m more funding

In nearly a decade between being founded and going public, Spotify is estimated to have raised $2.6bn in funding. Compare that to video-streaming startup Quibi, which hasn’t launched yet, but has already raised $1.75bn – including a new round of $750m this week, a month ahead of its debut. This is the company co-founded by Hollywood mogul Jeffrey […]

Spotify makes Canvas less blank

The Canvas feature on Spotify (where a short video loops on the mobile app instead of just having the single or album artwork) is opening up to more users via the Spotify for Artists tool. Music Ally first spotted the feature at the start of last year – back when it didn’t even have an official […]

Filing: Amazon spent $1.7bn on music and video content in Q1

We reported on Amazon’s latest financial results last week. In the official filing, the company revealed a music stat! Albeit one bundled in with video. “Total video and music expense was $1.5 billion and $1.7 billion in Q1 2018 and Q1 2019,” reported Amazon. “Total video and music expense includes licensing and production costs associated with […]

XITE launches new music video platform in US

Launching initially in the US, XITE (pron: “Excite”) is a new music video app that will be available on Amazon Fire TV, Apple TV and Comcast X1 Xfinity – and it will be coming soon to Roku. It has deals in place with all the majors as well as a number of indies and will offer […]

Study tips YouTube to decline in popularity with British kids

Will children ever tire of YouTube? Surely not! Yet that’s the suggestion being made in a new report published by research firm Kids Insights, which is out today. “According to our data across all ages 4-18 the number of children spending time each day watching YouTube has declined from 61% to 51% in a persistent […]

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