Medialab Buy Genius

According to current sources, Medialab, the Los Angeles-based corporation, has purchased Genius, the lyrics database, for $80 million. Genius started life in 2009, and since then, more than two million contributors have contributed material to the platform. Tom Lehman, the co-founder of Genius, said: “MediaLab’s commitment to investing in artistsContinue Reading

Spotify

Spotify has begun repurchasing $1 billion in stock from its shareholders. One of the reasons Spotify may repurchase its stock is because it believes it is undervalued and has a lot of room for growth in the future. Paul Vogel, CFO at Spotify, said: “This announcement demonstrates our confidence inContinue Reading