Two bits of unsurprising news could be found in a Wall Street Journal report containing Spotify’s 2011 financials: Spotify grew fast and lost money. To no surprise, Spotify’s losses mounted as it expanded in the U.S. and elsewhere in 2011. The company’s net loss increased to €45.4 million ($56.6 million) in 2011 from €28.5 million…

SoundExchange announced today that is it has distributed $204.4 million in digital royalty payments to artists and labels in the first two quarters of 2012. In its second quarter alone, the nonprofit PRO distributed $95.8 million, the second highest quarterly distribution in the organization’s history. SoundExchange has really been on a mission lately to get…

Whether your a fan or not, there are not many places you can go without hearing a Flo Rida song. He has consistently won big placement after big placement, in turn his digital single sales skyrocket. His lastest single “Whistle” is just shy of selling 4 million digital copies. Associate director of charts at Billboard…

After a slight setback, Lil Wayne is finally ready to release his mixtape Dedication 4. The Young Money rapper announced the release date for the DJ Drama-hosted project via Twitter. “D4 aug-30,” tweeted Weezy. Originally due August 15, the fourth installment in his Dedication series was delayed out of respect for his friend 2 Chainz,…

A week before his debut Based On A T.R.U. Story hit #1 on the charts, 2 Chainz spent his release day at V-103, signing copies for fans and then celebrated at Esso nightclub. Album in stores now. [Rap Radar]

For those expecting to see 40 and $hort this weekend at the Rock The Bells in Mountain View, CA, don’t get too hype—phy. With no reason, E tells Fuse, the city has banned them. [Rap Radar]