Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses. Spotify’s earnings report also indicated that th…
Category archives: Music industry
Pandora Is Losing Subscribers – 88,000 Left the Service Last Quarter
SiriusXM revealed some new information about its subscribers’ growth rate for its satellite service and Pandora. SiriusXM added 355,000 satellite radio subscribers during Q4 2019. That breakdown includes 341,000 self-pay customers and 14,000 prom…
All Eyes On Spotify
All eyes (and ears) in the music business will be on Spotify tomorrow, February 5th, as the leading audio streaming service in the world announces its Q4 2019 earnings.
Forbes
What Is Sync Licensing? A Look at One of the Music Industry’s Fastest-Growing Sectors
Sync licensing is quickly ramping upward, with artists capturing increased revenues. Here’s an overview for artists, composers, advertisers, and everybody in between.
Digital Music News
South Korea now has more than 10m paying music subscribers
Around one in five people in South Korea now subscribe to a music streaming service, as the country’s golden age for music – and for the music industry – shows little sign of abating.
MusicAlly
Blockchain Music Companies Reshaping a Troubled Music Industry
Did Napster kill the music industry? Depends on who you ask. Some will say yes, while others will argue the revolution of peer-to-peer music sharing platforms was an inevitable byproduct of technology (a.k.a., the times they are a changin’).
Built In
Wyclef Jean veut soutenir l’industrie musicale en Afrique et dans les pays en voie de développement
Les artistes des pays africains et dans les pays en développement peuvent désormais compter sur le soutien de Wyclef Jean. Le chanteur haïtien-américain et son groupe Carnival World Music ont débloqué 25 millions de dollars de fonds d’investissement po…
Florida Georgia Line Parts Ways With Big Loud Management After 9 Years
After a nine-year relationship, country duo Florida Georgia Line (FGL) has separated from Nashville’s Big Loud Management. In a statement, FGL spoke positively of their time with Big Loud and indicated that their professional needs have grown during t…
Warner Music Group Quarterly Earnings Jump 42% (Thank You, Streaming)
Warner Music Group (WMG) just reported a very solid first-quarter growth. Warner Music Group (WMG) recorded substantial profits in the first quarter of its fiscal year, which began in October of 2019 and ended on December 31st. In an earnings report is…
Helene Fischer, Rammstein, Other German Superstars Demand Fair Streaming Payouts
High-profile German artists, including Helene Fischer and Rammstein, are demanding larger streaming royalties from the Big Three. A number of prominent German artists are demanding larger streaming royalties from their record labels. In December, 14 …