Kris Wu, a Chinese-Canadian actor, singer and former member of EXO, topped the iTunes song chart on Monday. For almost 24 hours, Wu had all 5 tracks in the Top 5 with the exception of Ariana Grande’s just released single “Thank U, Next." But Wu's success appeared under some unusual circumstances and according to one source, won't count towards this week's chart tabulations.
Spotify has launched Publishing Analytics in beta. Dubbed the first music streaming analytics tool built specifically for music publishers, the platform was developed in collaboration with a range of publishers to service the various roles that publishers play from A&R to administration.
Amazon Music, has begun its first ever marketing campaign in the US, UK and Germany along with a platform launch today in Mexico. Often considered the wild card in the streaming music wars, Amazon Music spots from Future and Anderson.Paak were released this week
Spotify has announced that it will make streaming to connected speakers available on its free ad-supported tier very soon. Until now, device connectivity has only been available to paid Spotify Premium users.
The BTS behemoth keeps gaining momentum.This week the group became the first Korean act to surpass 1 billion streams on Apple Music. It's a milestone not equaled by PSY and other more established Korean artists.
Last week, Apple launched a "Apple-Preferred Distribution Program," naming just three music distributors as "Preferred Plus" partners, and rewarding them with advanced customer features and analytics not available to their competitors.
Pandora reported a sold Q3, including adding 784,000 subscribers in Q3, reaching approximately 6.8 million for its various paid services. That's a fraction of Spotify or Apple Music, but when factoring users of its free service, Pandora has 68.8 million active users, down slightly, with total listener hours of 4.81 billion.
Spotify will charge for some Spotify For Artists products and services, CEO Daniel Ek stated during last week's earnings call. While "unlikely" that the it will charge for data, this mark's the first time that the streamer has said it will monetize any of the services that it has touted as empowering creators.
Do you have a marketing plan? Do you really have a marketing plan? A playlist Is Not A Marketing Plan. A record label is not a marketing plan. A digital distributor is not a marketing plan. A Facebook page is not a marketing plan. Posting to social media is not a marketing plan. What IS a marketing plan?
Universal Music Group has become the first major label to licence popular African music download and streaming service Boomplay. The service, boasts 36 million users in multiple African markets and is adding 2 million users monthly.
[UPDATED] Spotify Technology S.A. (NYSE:SPOT) announced that it will begin a $1 billion stock repurchase. Repurchases of up to 10,000,000 in Spotify 'ordinary shares' have been authorized by shareholders and the Board of Directors up to a total cost of $1 billion. After the announcement, Spotify stock rose 2.6% in premarket trading Monday morning.
Spotify stock his an all time low Thursday, despite a solid Q3 report. The drop came after the streamer was honest about its long term plan to put growth over profits. "Spotify is building its business at a decent rate that meets/exceeds music industry expectations, but not investor expectations," writes MIDiA analyst Mark Mulligan.
[UPDATED] It wasn't that long ago that the music industry was experiencing its worst slump ever, with streaming seen as a dubious alternative to physical sales. Fast-forward and streaming revenue accounts for 75% of label income. But how will this growth change the medium of streaming itself?
Landing on the right Spotify playlist can be career altering, exposing millions of new listeners to your music; and while placements had been reserved for artists signed to major labels, the streamer recently made the process more egalitarian.
Spotify stock closed at $141.70, down 5.7% on Thursday, after the streamer said that it would continue to sacrifice profit margins to generate growth. The stock downturn came despite a nearly profitable quarter and represents a 30% drop from its IPO day close.
Spotify CEO Daniel Ek refused to comment "on deal negotiations," when asked if the streamer was considering an investment in Universal Music Group. UMG corporate parent Vivendi is openly exploring investments in exchange for up to 50% of the world's largest music group.
Spotify has partnering with Google Home to give U.S. subscribers with Premium for Family plans a free Google Home Mini smart speaker. The offer, valued at $49, is good for all subscribers through the end of the year.
Spotify [SPOT] stock ticked upward Tuesday, after days of downward trading that saw the streamer hit an all time low. SPOT stock ended the day at $141.68 up 1.85%. It was up another 1.21% in pre-market trading on Wednesday, trading at $143.40.
The rise of tech giants like Amazon and Netflix has left a number of bodies in their wake, include former brick and mortar businesses like Blockbuster Video and Toys R Us. Now, as the streaming continues to dominate the music consumption, we're starting to wonder - could radio be next?
Popular navigation app Waze has added 7 audio services including Pandora, Deezer, iHeart and TuneIn to its Waze Audio Player, designed to seamlessly stream audio alongside Waze driving directions and alerts. Spotify was announced as a launch partner last year.
Spotify is using the songs we play to deliver targeted ads. That's not surprising or different than Google delivering ads based on previous searches. But, as Urbi Khan, the business and tech editor for the Eyeopener points out, it can be a bit creepy. Kahn found that Spotify tracked her location and mood, as well as, the genres she listened to.
Though not quite as active as it once was, Spotify's Insights blog once offered its artists ideas and information about different industry trends - here we look at a distillation of some of the blog's more salient points.
Spotify stock fell 4.88% on Monday to close at at $139.11, an all time end of day low for the streamer. That's a fall of 24% in the last month. Spotify's market cap is now $25 billion, down 30% from a summer peak of a $198.99 per share price and $35.29 billion market cap.
SoundCloud has revised its Premier agreement, which artists must sign before they can monetize their music on the platform, after receiving almost universal condemnation. Like a similar free service from Spotify, SoundCloud allows Premier artists to monetize their music without going through a distributor or aggregator.
Spotify has made some radical moves lately including direct deals with artists that include cash advances to offering free Spotify distribution to all and then buying part of distributor DistroKid to help artists put their music on its competitors. Collectively, they are causing concern at the record labels. But as analyst Mark Mulligan shows, there may not be much the labels can do about it.
Spotify for Artists has launched Best Advice, a new short video series of marquee artists discussing the best advice they received throughout their careers. Featured artists include Christina Aguilera, Mary J. Blige, Rick Ross, Sheryl Crow, Ne-Yo and Kamasi Washington.
Spotify Premium subscriptions continue to grow, according a new report by Consumer Intelligence Research Partners. The research showed that 38% of all US Spotify subscribers now have a premium account, up from 36% three months ago.