Drake’s new album ‘Scorpion’ obliterated Spotify’s first day streaming record with more than 132 million streams. At one point on Friday, the 25 track album was streaming more than 10 million times per hour. The previous one day album stream record was set on April 27th by Post Malone with…
Category archives: streaming
Drake’s ‘Scorpion’ Obliterates Spotify Debut Day Record
Drake’s new album ‘Scorpion’ obliterated Spotify’s first day streaming record with more than 132 million streams. At one point on Friday, the 25 track album was streaming more than 10 million times per hour. The previous one day album stream record was set on April 27th by Post Malone with…
Senate Judiciary Committee Approves Music Modernization Act, Industry Reacts
[UPDATED] The Senate Judiciary Committee today unanimously voted to approve the Music Modernization Act, including the CLASSICS Act. The comprehensive legislations updates music licensing laws for the streaming era. Today’s committee vote follows the unanimous approval by the House of Representatives of similar legislation. SoundExchange President and CEO Michael Huppe…
Pandora Plus, Premium Now Included In Billboard Charts
The inclusion of Pandora Radio in the Billboard Hot 100 has had a noticeable impact, demonstrating just how high the level of music consumption on the service is. But the change continues with news that Pandora’s Premium and Plus tiers, as well as YouTube Music, will now also be included….
Spotify (NYSE: SPOT) To Announce Financial Results
Spotify Technology S.A. (NYSE: SPOT) will announce its second quarter 2018 financial results and letter to shareholders on Thursday, July 26, 2018 before market open. The music streamer went public in April and each report to investors has provided insights into its inner workings and future plans. Spotify will hold…
Merlin Pays Out $500M As Indies Score With Streaming
Merlin’s payments to its 20,000 label members has surpassed $500 million annually, according the 10th anniversary report just released by the global indie music licensor. A dive into the data shows an indie sector that, by some measures, is benefiting from the streaming revolution even more than their major label…
The Business Of Streaming Music [PODCAST]
David Turner, the author of the newsletter Penny Fractions. David joins Michael Brandvold on the Music Biz Weekly podcast in a discussion about the business of streaming music, the issues to data standardization and the problem with streaming services being gamed. Subscribe to David’s newsletter here.
¡Viva Latino! Spotify Takes Another Playlist On Tour
Spotify has announced that it will be taking its popular ¡Viva Latino! playlist on the road. The tour, produced in partnership with Cardenas Marketing Network (CMN), will feature performances by Daddy Yankee, Jowell y Randy, Bad Bunny, Becky G and Natti Natasha and is set to kick off at Chicago’s…
Spotify Names Dawn Ostroff Head Of Content, As Streamer Eyes Original Content, Direct Deals
Spotify stock is up and one reason is excitement over aggressive moves into original content and direct deals with artists. The latest signal is the announcement that Condé Nast’s innovative new media executive Dawn Ostroff has been named the music streamer’s new Chief Content Officer. Ostroff will be based in…
Spotify [SPOT] Stock Up 11.5% In June, Set To Rise More
Spotify stock rose 3.24% Tuesday, closing at $175.98. That’s an 11.5% jump in the last month at a time when the overall S&P 500 rose just +0.22%. The increase came after Barclays began analysis of the stock with a solid buy rating and prediction of strong future growth. "Our optimism…