Category archives: Music Tech

TOP POSTS: This Week’s Most Read Posts On Hypebot

Crowning the charts on Hypebot this week were articles looking at how Facebook is starting to look a lot more like MySpace (good news for artists!) what Spotify’s choice of top 5 preferred distributors says about all the others, what Kanye’s ‘MP’ means for the future of the album, and…

Spotify Paid Premium Grows To 38% Of Users

Spotify Premium subscriptions continue to grow, according a new report by Consumer Intelligence Research Partners. The research showed that 38% of all US Spotify subscribers now have a premium account, up from 36% three months ago. “In our second survey of Spotify users, we can begin to discern some trends…

Is Japan Finally Ready For The Streaming Revolution?

A new report by indie music rights agency Merlin highlights the slow but now steady shift towards music streaming in Japan, one of the world’s last bastions of physical product. As the second largest music market in the world, Japan has been historically slow to take up streaming music despite…

Snapchat Just Lost 2 Million Daily Users

As part of a quarterly earnings report, Snapchat shared that it had last 2 million active daily users in the last three months. With 186 million users, Snapchat still has impressive reach. But pressure from Facebook and Instagram and an unpopular redesign spell trouble for the social network.

Touring: New School Tricks Plus Old School Hustle

For up and coming artists, the touring game has always been a struggle, and while the music industry has changed greatly over the years, many of the strategies that worked twenty years ago remain effective today when combined with some more contemporary tricks and tactics. ________________________________ Guest post from AWAL…

FRI. BRIEF: Spotify Premium Grows, Exec Exits • Music Tops YouTube, Live Up • Grammy Predictions • More

FRIDAY 10.26.18
Music Business News From Around The Web
Updated continuously under the More News tab

Spotify Stock Below IPO Day Price, $6.7B Off Peak Valuation

Spotify stock is continuing to struggle, closing Thursday at $148.96 and just below its $198.99 per share peak just three months ago. That leaves the streamer with a $26.31 billion market cap, down $6.7 billion from a $33 billion peak summer valuation. The stock slipped as low as $146.01 in…

Dash Radio Raises $8.8M, Passes 10M Monthly Listeners

Free online platform Dash Radio announced that it had raised $8.8 million in seed funding while passing 10 million active monthly users. Dash Radio offers 400+ live shows across 75 stations, many hosted by celebrity DJ’s including Snoop Dogg, Lil Wayne and Ice Cube. Dash Radio’s ‘secret sauce’ is a…

Warner Music Group Launches WMG Boost To Invest In Music Tech Startups

In a positive sign for overall industry growth, music business giant Warner Music Group has to allocate some of its cash into something called WMG boost, with hopes of investing in music tech related startups. __________________________ Guest post by Bobby Owsinski of Music 3.0 You can tell that the music…