Category archives: streaming

Apple Music Tops 50M Users, #1 Streamer US, Canada, Japan

Apple Music now has "’well over 50 million listeners," Apple CEO Tim Cook revealed in an earnings call yesterday, which he says makes it the top paid music streaming service in both North America and Japan. Apple Music revenue is up 50%, so far this year. _______________________________ Apple CEO Tim…

Pandora Q2: Revenue Up, Listener Hours, Active Users Down (And That’s Good News)

UPDATED: Pandora reported a 12% year over year revenue increase in Q2 2018, after the markets closed on Tuesday. But both monthly listener hours and active users continued a slow but significant downward spiral. Details & Analysis: Total listener hours on Pandora were 5.09 billion for the second quarter of…

Spotify Isn’t Priced At $10 Everywhere, And That’s Just Fine [Glenn Peoples]

When the fairness of payments to artists and labels is debated, it’s important to factor in that monthly subscription prices for Spotify and other music streaming services varies from territory to territory; and that’s just fine, writes Glenn Peoples. ______________________________ Spotify cards at a 7–11 market in Mexico City, mid-July…

Troy Carter On His Spotify Exit: ‘Right Time To Move’

Troy Carter is exiting Spotify in early September, the streamer confirmed on Monday. Statements issued by Carter and and CEO Daniel Ek point to an amicable exit after a fruitful partnership. ___________________________ Troy Carter “I came to this company to help bridge the gap between Spotify and the creative community….

Sony Music Sells $768M Spotify Stock, Reports Solid Q2

Sony collected a $768 million windfall from the sale of less than half of its 5.7% stake in Spotify (SPOT), according to Q2 results published Tuesday. The sale helped boost what was already a solid quarter for the company. Sony still owen about $862 million in Spotify shares. The company…

Troy Carter To Exit Spotify In September [OFFICIAL]

The long rumored departure of Spotify’s Global Head of Creator Services Troy Carter has been confirmed by the music streamer. He will exit in early September, but will continue to advise Spotify, according to multiple sources. At least one source claims that Spotify will now merge its Creator Services division…

Drake Has Earned $100 Million From Streaming (So Far)

Canadian musical sensation Drake has been smashing a number of streaming records lately, and a recent look at some of the financial numbers have revealed the artist has thus far pulled down over $100 million from streaming services alone. __________________ Guest post by Bobby Owsinski of Music 3.0 Who says…

SoundExchange Q2 Payments Up 17.5%

SoundExchange distributed $208.7 million in sound recording performance royalties in Q2 2018. That’s up both 17.5% over the same quarter last year and the $189.9 million paid out in the Q1 of this year. The PRO has paid out a total of $398.6 million so far in 2018.

Variety, Rolling Stone Owner Penske Invest In BuzzAngle To Challenge Billboard Chart Dominance

Penske Media has invested in music charts and data company BuzzAngle Music. Penske owns Rolling Stone, Variety, Deadline and IndieWire, and plans to leverage BuzzAngle charts across their properties. The investment and partnership offer the first major threat to Billboard Magazine and its ubiquitous Nielsen generated music charts. Launched in…