In this flip back through the past week’s music industry news, we revisit the launch of Facebook Reels in the US, HIFI’s acquisition of The Music Fund, streaming’s triumph over radio in the world of music discovery, and more.
- Facebook launches Reels in US and How to signup to get your share of $1B in creator payouts
- HIFI acquires The Music Fund to expand funding options, fintech for creators
- Streaming beats radio for music discovery, according to musicFIRST US fan survey
- Bandzoogle acquires SoundJam DJ website platform
- TikTok surpasses Facebook downloads, YouTube watch time, even as we’re told that no new social media app can make it.
- TikTok now has 1 Billion monthly active users
- Spotify drains battery, overheats iPhones that upgrade to iOS 15
