Audio sharing site SoundCloud jamming with 5M users

SoundCloud is quickly carving out a niche for itself as a great alternative to MySpace for musicians to share their songs, and now the company has announced that it’s just surpassed 5 million users, the New York Times reports.

The …

Pandora’s IPO price now $16, debuts tomorrow

Pandora will begin trading publicly on the New York Stock Exchange (NYSE) Wednesday at an initial public offering price of around $16, giving the company an initial valuation of $2.6 billion.

Pandora on Tuesday night set the price for 14.7 …

Spotify signs deal with Universal Music

Music service startup Spotify has signed an American distribution deal with Universal Music, the third major record label to sign such an agreement, reports All Things Digital.

While the U.K.-based Spotify currently provides access to its streaming music service to …

Spotify CEO laughs off movie rumors

Spotify CEO Daniel Ek today refuted the rumors (reported by TechCrunch and others) that the Swedish streaming music service had negotiated a number of deals with major movie studios to stream their content. On his Twitter stream Ek said, “Soon …

SoundCloud wants to unmute the web

SoundCloud may be the biggest music startup you’ve never heard of.

It’s a large-scale platform for people to share the sounds they create and has quietly conquered the professional music community, amassed 4 million users and expanded into all kinds …