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September 28, 2018

Five on Friday: Music and OTT Revenue Trends, Ads and Acquisitions

Business Services, Consumer Services, Entertainment and Streaming, Industry Announcements, Mergers and Acquisitions, News, Revenue and Sales, SaaS and Cloud Services, Subscriber Only, Subscription Gaming /

In this weeks edition of Five on Friday, RIAA reports mid-year results, revealing that streaming music is dominating music industry revenue, a new report shows that over-the-top TV revenue will jump 26 percent this year to $28.8 billion, Bloomberg says that Google and Facebook will comprise more than half of the digital ad market in 2018, Adobe will acquire Marketo for $4.75 billion, and China has blocked Amazon-owned Twitch.

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Stripe Valued at $20 Billion After $245 Million Funding Round

Business Operations, Business Services, FInance, Industry Announcements, News, Payment Processing, Product Development, Revenue and Sales, SaaS and Cloud Services /

Web and mobile payments startup Stripe is in the news again this week, this time announcing a $245 million funding round, reports TechCrunch. This infusion of capital brings the company’s value to $20 billion. The latest funding round was led by Tiger Global Management. Thrive Capital, Sequoia Capital, Kleiner Perkins and DST Global also invested during this funding round. Past investors include Visa, American Express, Peter Thiel and Elon Musk. The company said it will use the new funding to expand internationally, including the addition of an engineering hub in Singapore. Stripe originally launched in Singapore in 2016, but it will now be adding a hub there. This will be its fourth after hubs in Seattle, Dublin and San Francisco.

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