News Byte

Spotify Launches in Australia

Spotify opened for business in Australia and New Zealand today. The move broadens the streaming music service’s reach as it raises a new round of funding that should value the company at $4 billion by the time it closes. Last month rival service MOG announced an Australian expansion but hasn’t launched yet.

News Byte

Paid Newspaper Aggregator Ongo Shuts Down

Ongo, a newspaper-backed startup that tried to sell digital subscriptions to a variety of publications, is shuttering after less than two years. The New York Times, the Washington Post and Gannett each put a reported $4 million into the company, but it never got traction with subscribers. Nieman Journalism Lab has a good exit interview with CEO Dan Haarmann, who blames Apple’s subscription policy, among other factors, for the company’s failure.

News Byte

Get Yer Subscription Xbox for $99 (And $15 a Month)

Microsoft will sell the Xbox 360 game and media console, with the Kinect sensor, for $99 as part of a two-year, $15 per month “Gold” contract. The news was first reported last week by The Verge. Interested takers, however, will have to live near one of the 21 Microsoft stores across the U.S. to opt in to the deal.

You Really Can Blame the Web for Shrinking TV Ratings — But You Have to Credit It for Boosting TV, Too

A new study confirms what you already knew: If you’re watching lots of stuff on Netflix, you’re watching less on TV. Except, people who watch Netflix sometimes watch more TV, too.
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JustFab Marching Toward $100M in Revenue This Year

In an update on how well its e-commerce business is faring, JustFab said its revenues are growing as high as the heels that it sells.
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Citrus Lane Raises $5 Million for Monthly Care Packages for Moms and Kids

Citrus Lane, which offers subscribers a monthly care package aimed at mothers and babies, has raised $5.1 million in a first round of funding.
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Netflix Posts an In-Line Quarter, but Investors Balk (Updated)

The company delivers the Q1 numbers it predicted, and says it could become profitable again ahead of plan. But investors aren’t happy, anyway.
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New York Times Sees Digital Ads Droop

The New York Times says its digital paywall strategy is a success with consumers. But its digital advertising business stumbled last quarter.
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Spotify Says It Goes Better With Coke (Updated)

No iPad app, though.
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MOG Heads to Australia, With Help From a Telco

Meanwhile: What happened to that Beats deal?
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