Streaming

Spotify per-stream rates

Spotify shares Premium audio details, stock soars 12%

Spotify [SPOT: NYSE} stock rose 12% on Tuesday after a strong Q2 2024 report to investors, which indicated significant user and revenue growth and the first look at a new Premium tier.

Bruce Houghton on 07/24/2024 in Music Business | Permalink | Comments (1)
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Spotify users top 626M

Spotify users top 626M, subscribers 246M as profits hit new high

Spotify users top 626M as the streamer announced Q2 2024 earnings led by healthy user growth, stronger monetization, and record profitability.

Bruce Houghton on 07/23/2024 in Music Business | Permalink | Comments (0)
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music industry market share

Spotify passes UMG as the world’s most valuable music company

Spotify overtook Universal Music Group (UMG) to become the biggest company in the music industry based on its market capitalization in Q2 2024.

Bruce Houghton on 07/15/2024 in Major Labels | Permalink | Comments (4)
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Apple Music Set List

Apple Music has added requirements for all new uploaded music

Apple Music has added requirements for all new uploaded music designed to enhance the listener experience. The changes Apple has shared with digital music distributors that all songs uploaded must include both lyrics and one or more of the roles in each of its three contributor groups.

Bruce Houghton on 07/12/2024 in Music Business | Permalink | Comments (2)
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Rick Beato

Why Is Music Getting Worse? Rick Beato has two answers

Is music getting worse? Rick Beaton, whose commentaries and interviews have 4.3 million subscribers on YouTube, thinks so, and he thinks he knows why.

Bruce Houghton on 07/11/2024 in D.I.Y. | Permalink | Comments (1)
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fight streaming fraud

How Music Distributors Are Tackling Streaming Fraud

With music fraud on the rise, here’s what industry professionals are doing about it at the distributor level.

Alana Bonilla on 07/03/2024 in Music Business | Permalink | Comments (0)
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free music business news

The Value of Free: Lessons from Tubi’s Success

When everything nowadays is a paid subscription, it’s important to recognize how Tubi discovered a different path to success…

Alana Bonilla on 06/27/2024 in Music Business | Permalink | Comments (0)
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TikTok album pre-saves

TikTok’s Music Master Plan is coming into focus [Tatiana Cirisano, MIDiA]

TikTok’s ambitious music master plan, which includes buying up music rights, could be a true disrupter. After all, “Why waste money paying rent when you could just buy the house,”. Continue reading

Alana Bonilla on 06/26/2024 in Music Business | Permalink | Comments (0)
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Spotify CEO worth $7.2B

Is Spotify’s CEO richer than any musician in history?

There’s a lot more money to be made in streaming music than there is in creating it. Spotify CEO Daniel EK has an estimated net worth of $4.9 billion dollars.

Bruce Houghton on 06/25/2024 in Music Business | Permalink | Comments (1)
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Audius signs licensing deals with ASCAP, BMI, GMR and SESAC

The artist-centric streaming platform Audius has signed licensing agreements with all four U.S. Performing Rights Organizations (PROs): ASCAP, BMI, GMR, and SESAC…..

Bruce Houghton on 06/25/2024 in Music Business | Permalink | Comments (3)
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