first_imgStreaming music service grew by 1.1 million paid subscriptions last year in BritainPhilip MerrillGRAMMYs Oct 31, 2017 – 12:34 pm In the big leagues for music streaming services, Spotify financials are scrutinized, including by potential investors. In the first half of 2017, overall, growing revenues and shrinking losses were not good enough to satisfy everyone. But in Britain, things are more cheery as growth is accompanied by profitability.Over the course of 2016, paid subscriptions swelled from 1.7 million to 2.8 million users — a growth of 1.1 million Brits paying monthly from Spotify’s 7.1 million active U.K. visitors. Although year-end profits only amounted to a few million dollars, they grew as did payments to rights holders. That is the win-win combination both Spotify and investors would like to see across its global operations.Last year’s U.K. growth came in part from the platform’s global family plan as well as successful marketing campaigns targeting holidays and summer. In dollars, overall 2016 U.K. revenue grew from $247 million to $312 million mostly thanks to paid subscriptions. Since the music side of its business gives a substantial cut to rights holders, Spotify also looks forward to revenue growth from the advertising side of its business. British ad sales grew last year from $14 million to $23 million, a smaller but more lucrative bottom line, because it doesn’t require paying for music rights.Spotify Reveals Emerging Artists Program Twitter Email Spotify Closed 2016 In UK With 2.8 Mil Paying Subscribers Growth And Profit In The UK For Spotify spotify-closed-2016-uk-28-mil-paying-subscribers Facebook News last_img read more

first_imgWILMINGTON, MA — Wilmington’s Heav’nly Donuts is now under new ownership.Owner Dimitrios Saragas, son of the company’s founders, recently announced a Grand Re-Opening and Ribbon Cutting Ceremony will take place on Tuesday, June 26, from 10am to noon, at its 579 Main Street location.The event will feature:A formal ribbon cutting ceremony with the Wilmington-Tewksbury Chamber of Commerce and Town Officials at 11am.Kiss 108’s DJ Romeo will offer music and prizes.Face painting and balloons for the kids.In addition, ALL DAY LONG, customers will receive FREE medium coffee (hot or iced, any flavor). Excluded expresso drinks. Limit 1 per customer.Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedPHOTOS: Heav’nly Donuts Holds Grand Reopening, Founding Family Returns To WilmingtonIn “Photo of the Day”NATIONAL DONUT DAY: Wilmington’s Dunkin’ Donuts & Heav’nly Donuts Offering Free Donut Deal TODAY (June 7)In “Business”BUSINESS BRIEF: Wilmington’s Strive Fitness To Celebrate Grand ReopeningIn “Business”last_img read more

first_imgIn this photo taken on January 10, 2017, start-up companies work out of Nasscom’s Startup Warehouse facility, which incubates start-up tech companies, in Bangalore.MANJUNATH KIRAN/AFP/Getty ImagesThe Indian startup and e-commerce segment is witnessing a huge demand in the senior talent hiring. Two of the largest growing sectors in the country are on a hiring spree when it comes to leadership positions. The sudden rise in the headhunting has been driven by multiple factors such as an improved funding scenario, increased M&A activity, increased mobile data consumption and the creative e-commerce and transaction models.The Economic Times reported that as against last year, companies like Amazon, Flipkart, Swiggy, Paytm, OYO, Ola or Zomato has witnessed a 40-100% jump in such mandates. The start-ups, especially in the e-commerce sector, have managed to raise capital through series A and series B funding which has given them a leeway to hire talents.Anuj Roy, managing partner, FIDIUS Advisory said that “Online sector hiring has picked up big time.” He went on to add that his agency is presently managing 13-14 mandates for senior talent, compared to seven-eight last in 2017.Similarly, Bengaluru headquartered Longhouse Consulting is reported to have doubled their mandate. A quarter ago the company was managing 30 mandates as compared to 75 at the moment. The major part of mandate belongs to the e-commerce segment. The last 6-7 has reported a hike in the hiring with industry estimates suggesting around 350-400-plus senior hires across the e-commerce and startup ecosystem.Notably, last week there were major hiring in these sectors with OYO Hotels appointing ex-IndiGo president Aditya Ghosh as CEO for India and South-Asia; Flipkart getting Smriti Singh as human resources head; MakeMyTrip hiring Vipul Prakash as the chief operating officer (COO). Moreover, Rahul Bhargava was hired as chief technology officer (CTO), InCred and Freshworks made two senior-level appointments.Roy said that “A lot of such companies are now building their teams because once you raise that much capital, you move from a startup culture to a professional-led one.” Seed funded companies, as well as unicorns, are aggressively looking out top talents.Speaking about its hiring plans for the coming months, Girish Menon, VP, HR at Swiggy said that “In the coming months, we will be doubling down on hiring the sharpest minds in the industry for senior roles in departments such as business, sales and technology, and for highly specialized roles in areas such data sciences and AI.”last_img read more