HMV Canada has joined the fray by launching The Vault, a new digital music streaming service. The Vault (www.inmyvault.com), available as of December 4th, presents Canadians with millions of tracks, a constantly growing catalogue, plus unlimited access to the best new releases and the latest music. “HMV is incredibly excited to launch The Vault,” said [...]
Spotify will be launching its music streaming service in Canada, according to the Swedish company’s management team. The official date has not yet been released, nor has the timeline for entry into the Asian and South American markets, also on the company’s expansion agenda. Spotify has three tiers of service offerings including a free service [...]
Live Nation Entertainment (NYSE: LYV) and Kia Canada have formed a marketing partnership that also incorporates the Molson Canadian Amphitheatre in Toronto and the Commodore Ballroom in Vancouver. Kia is now the exclusive automotive partner for all Live Nation Canada music events happening at the two premium concert venues. “Music has an immense cultural [...]
French music streamer, Deezer said it will offer services in Canada, Australia and New Zealand starting on April 25th. Deezer boasts 20 million users, 1.5 million paid subscribers, 15 million music tracks and a huge social media presence with 600,000 Facebook fans and 300,000 followers on Twitter. “We are thrilled to launch Deezer in Canada, [...]
Music fans throughout Canada will have the opportunity to sample a new digital music subscription service starting on March 15th courtesy of the Sony Entertainment Network. Sony’s Music Unlimited Service is a cloud-based service where users can access millions of songs on multiple devices including PlayStation3, Android handsets, PCs, Sony BRAVIA HDTVs and Blu-ray Disc [...]
Consumer spending for online music worldwide is estimated to reach U.S. $6.3 billion in 2011, up from $5.9 billion in 2010, according to a recent report from Gartner.
That number is forecast to reach $6.8 billion in 2012, and grow to $7.7 billion in 2015. While the numbers are positive, Gartner says the growth in online spending for music will not offset the declines in consumer spending on physical music (CDs and LPs).
Canada’s largest traditional retailer of music, HMV Canada has announced that its online music store, hmvdigital, is now officially launched after seven months in beta.
The company says it is now offering over five million songs in the MP3 format, the majority encoded at 320 kbps, and free of any copyright protection.