For the first time since 1986, CD sales brought in less than a billion dollars. For the third straight year in a row, the music industry in the US has posted double-digit growth. That’s according to a new report from the RIAA. Breaking down key finding…
Category archives: music streaming
Streaming Accounted for 75% of US Recorded Music Revenue Last Year, While Vinyl Sales Jumped 8%
For the first time since 1986, CD sales brought in less than a billion dollars. For the third straight year in a row, the music industry in the US has posted double-digit growth. That’s according to a new report from the Recording Industry Association …
Hey Spotify: Hungama’s Userbase Grew 48% In 2018 Alone
India might be a tougher market than Spotify thinks. Despite Warner/Chappell Music Publishing’s attempts to block Spotify’s launch in India, the service is now moving full steam ahead. But Spotify will face some stiff competition from local services t…
De La Soul Says They’re Only Getting 10% of Their Streaming Revenues
According to De La Soul, the trio will only earn 10% from fans streaming their catalog while their label, Tommy Boy Records, keeps 90%. De La Soul isn’t too happy right now. The hip-hop trio’s catalog will soon drop on all major streaming music service…
Spotify Splashes Down In India — And Tries to Fix the Damage With Warner Music Group
Spotify is rolling ahead with its Indian iteration — and leaving a seriously damaged relationship in its wake. India or bust! That seems to be Spotify’s rallying cry of late, with an important relationship with Warner Music Group potentially ‘busted’ t…
NMPA Urges Members to Support the ‘Industry Consensus’ MLC — ‘We Urgently Need Your Help’
Now that the Music Modernization Act (MMA) is law, who should be implementing it? Maybe passing the Music Modernization Act into law was the easy part. Now, attention has shifted towards critical implementation details, with major publishers arguing th…
Pandora Launches Stories, Allowing Artists to Add Commentaries onto Playlists
With competitors unveiling new podcast and spoken-word features, Pandora has unveiled a new podcast-like feature. Pandora has unveiled a new feature for artists. The digital radio service has launched Stories, a new format which pairs songs with podcas…
Spotify Is Now Live In India as High Court Denies Warner’s Injunction Request
Spotify and Warner Music Group are still fighting over the use of statutory licenses in India. But Spotify is now going live in the country. Updated: Spotify is already going live throughout India, with screenshots popping up on Twitter and multiple r…
Zacks Investment Research Lowers Its Sirius XM (SIRI) Rating to SELL
Sirius XM (SIRI) has been posting healthy subscriber increases since 2010. But slowed growth projections have caused Zacks Investment Research to re-assess the stock for 2019, dropping it from HOLD to SELL. A memo released on Friday reveals that Zacks …
Just Days Away from Launching in India, Warner Music Group Files Injunction Against Spotify
Close to locking down deals with Sony and Universal, Spotify’s negotiations with Warner for licenses in India have hit a major road bump. Ramping up its plans to launch in India, Spotify opened an office in Mumbai, hiring 300 people last March. The str…