Friday, April 3, 2020

Global online music streaming grew 32% YoY in 2019, reaching 358M total subs; Spotify led with 31% market share of paid subs, followed by Apple Music at 19% (Abhilash Kumar/Counterpoint Research)

Abhilash Kumar / Counterpoint Research:
Global online music streaming grew 32% YoY in 2019, reaching 358M total subs; Spotify led with 31% market share of paid subs, followed by Apple Music at 19%  —  - Spotify continues to be the market leader and recorded a 23% YoY growth in total revenue during CY 2019.



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French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with participation from Blackstone, DST, and others (Yazhou Sun/Bloomberg)

Yazhou Sun / Bloomberg : French accounting software startup Pennylane raised $204M led by TCV, a source says at a ~$4.25B valuation, with...