TikTok will shut down rather than sell to U.S. owner, Reuters reports

TikTok owner ByteDance will shut down the app rather than sell it if legal options fail to combat legislation to ban the app in the U.S., but the reasons behind. Continue reading

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MUSIC BUSINESS NEWS: EDM tops $11.8B • Spotify battles Apple • Indie pubs want fair pay • RSD MRKT online • Bandcamp improves Discover • More

FRIDAY 4.26.24 • Music Business News Updated Continuously Under The MORE NEWS TAB Above

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Threads has 150M monthly users, 50% of Instagram time spent is on Reels

Meta shared some stats on the 3.24 billion people using its family of apps daily, a total that is up 7% year over year…..

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Bifurcation Theory: How the music business is splitting in two [Mark Mulligan]

Mark Mulligan of MIDiA Research writes that the music industry is splitting in two, and AI is acting as the accelerant……

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Music Tectonics early-bird tickets are on sale for 2024 conference

The Music Tectonics Conference will return to Santa Monica October 22-24 for its sixth edition, and Super Early Bird tickets are on sale now…..

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Follow Hypebot on X, Facebook, Email & RSS

Join the growing Hypebot 55,500+ strong community on X / Twitter. In addition to regular posts, we share research stories, breaking news, tips, and more. You can also follow Hypebot on other channels……

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Spotify stock up 11.4%, analysts raise targets as streamer turns profit

Spotify [NYSE: SPOT] stock surged Tuesday on news that the streamer had turned profitable despite slower-than-expected user growth in Q1 2024. Shares closed the day at $303.31, up 11.41% and key analysts responded by raising their target prices…..

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Spotify CEO Daniel Ek outlines 3 new ‘core’ opportunities for music

Spotify CEO Daniel Ek discussed three “core trends” for music during the company’s Q1 2024 earnings call and said that the streamer is already working on all of them…..

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Congress eyes AM Radio mandates while ignoring compensation for Artists

Will radio’s free ride ever end? Chris Castle discusses U.S. Senator Markey’s proposal to equip all vehicles with AM radios, highlighting concerns over its impact on car manufacturing and fair artist compensation in radio broadcasting…..

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Your Morning Coffee Podcast: UMG, TikTok talk • Swift’s surprise return • Spotify changes songwriter royalties • More

Episode 193 of Jay Gilbert and Mike Etchart’s podcast Your Morning Coffee: Weekly News for the New Music Business is available now. Listen here……

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