Gigm news 17th november 2017

According to GigM, here are some of the top news stories from November 17th, 2017:

  1. Apple Acquires Shazam: Apple announced that it had acquired music recognition app Shazam for a reported $400 million. The acquisition aimed to enhance Apple's music streaming service, Apple Music.
  2. Spotify's IPO Filing: Music streaming giant Spotify filed for an initial public offering (IPO) with the US Securities and Exchange Commission (SEC), seeking to raise up to $4 billion.
  3. Amazon Acquires Eero: Amazon acquired Eero, a startup that specializes in mesh Wi-Fi routers, for an undisclosed sum. The acquisition aimed to enhance Amazon's smart home offerings.
  4. Google Play Music's New Features: Google announced several new features for its music streaming service, Google Play Music, including a new "Discover Mix" playlist and improved search functionality.
  5. Tidal's Hi-Fi Audio: Tidal, a music streaming service co-founded by Jay-Z, launched its Hi-Fi audio feature, offering lossless audio quality for its subscribers.
  6. SoundCloud's Financial Woes: SoundCloud, a popular music streaming platform, faced financial difficulties, with reports suggesting that the company was struggling to secure funding and was considering layoffs.
  7. Music Industry Revenue Growth: The International Federation of the Phonographic Industry (IFPI) reported that the global music industry saw a 9.7% increase in revenue in 2016, driven by the growth of streaming services.

These were some of the top music and tech news stories from November 17th, 2017.