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BitTorrent-based video streaming app Popcorn Time may be the media darling of the moment, but it doesn’t account for a whole lot of P2P traffic — at least not yet. Popcorn Time usage makes up for  less than 1 percent of torrent downloads in March, according to Variety, which tapped German P2P analytics company Excipio for the data. Popcorn Time offers users the ability to stream videos directly as opposed to having to download them first to their hard drives. The app first surfaced in early March, got briefly shut down by its own developers soon after, and resurfaced only days later on different servers.

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In Brief

Spotify competitor Rdio has acquired the Indian music subscription service Dhingana, according to local media reports that have since been confirmed by Dhingana executives. The acquisition could be a way for Rdio to quickly get access to a huge market, but it comes after Dhingana had to shut down because it wasn’t able to secure licenses from one of the country’s biggest record labels. Rdio said in a release posted on Dhingana’s website that it wants to launch in India later this year.

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Home entertainment revenues have been on a steady decline in the U.K. since 2008, but in 2013, that trend got reversed by Netflix and Amazon’s Lovefilm, according to a report from the Guardian. Video subscription services like Netflix and Lovefilm grew 120 percent last year, the paper said, quoting a recent report by the British Entertainment Retailers Association. Digital music services like Spotify and Deezer also fared well, growing 34 percent, but physical media sales were down 8 percent, and now only make up 40 percent of the home entertainment market.

In Brief

Well, that was fast. Neil Young’s Pono startup, which wants to build a high-resolution digital music player by the same name, shot past its $800,000 funding goal on day one of its Kickstarter campaign. Pono launched a Kickstarter campaign to finance the production of its player Tuesday morning, and at 10pm, it already had raised more than $925,000. This also means that the discounted $200 Pono players are all gone, but backers can still secure a player for $300, which is $100 less than what Pono wants to sell the device for this fall.

In Brief

Beats Music raised a big round of new funding, according to multiple reports that put the total amount raised between $60 million and $100 million. The new raise comes after Beats secured a $60 million round of financing a year ago, once again proving the point that digital music is a really expensive business. Beats competitor Spotify, for instance, has raised  close t0 $540 million so far, and is now looking to go public to bring in more cash.

In Brief

The Kickstarter campaign for Pono, the high-resolution music startup founded by Neil Young, is live, with an ambitious goal: Pono wants to raise $800,000 within the next 34 days to fund the production of its portable music player. Early backers have a chance to pick up a Pono player for $200, as opposed to the $400 retail price it will be selling for this fall. Other rewards include posters signed by Neil Young and a private dinner with the rock star.  The campaign page also includes a few more technical details, including that Pono will play FLAC files with bit rates of up to 9216 kbps.

On The Web

After months of rumors, Warner Bros. is now making its $18 million investment in Los Angeles-based YouTube network Machinima official. The investment comes after Machinima was forced to lay off 30 percent of its staff last week, including its entire ad sales department. So why buy a stake in a struggling company? Because it buys the studio access to a young male audience for relatively little risk, argues Variety.

In Brief

Connected speaker maker Sonos announced Monday that it generated $535 million in revenue in 2013. This represents a 97 percent year-over-year growth, according to a company spokesperson. Sonos got a nice boost in sales after introducing its $200 Play-1 speaker last year, with some retailers struggling to keep the device in stock during the holiday season. This year around, Sonos is facing a number of new competitors, with everyone from chipset makers to startups like Beep rushing into the internet-connected speakers market.

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