UPDATED: Spotify’s monthly active users grew 26% over the last year to 217 million at the end of 2018, the streamer reported on Monday. Now in 79 countries, a February launch in India added 2 million to its global total. Overall, Spotify posted a smaller first-quarter loss of $158 million…
Author archives: Bruce Houghton
MON. BRIEF: Spotify Files Q1 Report • Fortnite vs Music Industry • Soundhound + Instagram • MuseNet • More
MONDAY 4.29.19
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What To Expect From Spotify’s Q1 Earning Report Monday (NYSE:SPOT)
Spotify (NYSE:SPOT) will share its first quarter 2019 financial results on Monday, April 29, 2019 before market opens. It is the first report to investors since the streamer’s big bet on podcasting with the acquisition of Gimlet Media and Anchor. Analysts generally view Spotify earnings and stock favorably and expect…
Taylor Swift’s ME! Breaks YouTube, Amazon Records
The Taylor Swift juggernaut plowed forward breaking multiple YouTube and Amazon records with the song and video premiere of “ME!” featuring Brendon Urie of Panic! At The Disco. __________________________________ On Spotify, "ME!" tallied 7.9m streams worldwide in the first 24 hours with 3.6 million coming from the U.S. On Amazon…
BUSINESS OF INDIE: IMPEL Names CEO • AIM @ Midem • Bandcamp To Press Vinyl • Position Signs Franti • More
In this new edition of the Business Of Indie, IMPEL (Independent Music Publishers’ E-Licensing Collective) names a CEO, AIM shares discount passes and its Hack Midem Academy, Bandcamp takes the risk out of pressing vinyl for indie artists and labels. Michael Franti signs with Position Music and much, much more…
Sony Music Falls Flat A Streaming Growth Tumbles
Sony Music Entertainment reported flat sales of $7.20 billion for the last year. Profits almost doubled to $2.08 billion, reflecting the consolidation of EMI Publishing. But for the current year, the company forecast far lower profits of $1.20 billion. Sony attributed the poor results to lower physical sales and a…
Motown Records To Launch Musician, Startup Accelerators
Legendary Motown Records is launching two new programs aimed at giving musicians and music-tech startups a serious career boost. The first program, dubbed the Motown Musician Accelerator, will offer individualized coaching, industry introductions and a $20,000 grant to four musicians or musical groups during a 12-week program slated to launch…
Taylor Swift Release ‘ME!’ It’s Available On Spotify and Of Course, It’s Already A Hit [WATCH]
UPDATE: At 12:01 AM Friday, Taylor Swift released a new single and video, "ME!" featuring Brendon Urie of Panic! At The Disco. Most previous releases by Swift have been windowed, but "ME!" was available on Spotify, Apple Music, YouTube and all major streaming services immediately. UPDATE: Taylor Swift’s ME! Breaks…
Worst Countries For Piracy In 2019 Include China, Russia, India, Mexico, Canada
The Office of the United States Trade Representative released its 2019 Notorious Markets List which highlights markets that engage in and facilitate substantial copyright piracy and trademark counterfeiting. And yes, both Canada and Mexico made the list. The report identifies trading countries that do not adequately or effectively protect and…
FRI. BRIEF: Sony Music Revenues Dip • Amazon Readies Hi-Def • Gaana Hits 110M • Swift Releases ME! • More
FRIDAY 4.26.19
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