Research firm Luminate has published its mid-year report for 2024, with a raft of stats exploring the continued growth of the recorded music market. The headline stat: 2.29 trillion. That’s how many on-demand audio streams there were globally in the first six months...
It’s been some week for Daniel Ek. Yesterday (April 23), Spotify‘s share price jumped up by over 11% following the company’s Q1 results announcement, in which it confirmed its biggest-ever quarterly operating profit. That share price rise gave Spotify a market...
The campaign against Spotify’s sneaky audiobook bundling plans in the US is gaining momentum, with the boss of the National Music Publishers Associationdeclaring “it’s time to fight again”, and the Association Of Independent Music Publishers committing its...
Universal Music Group and TikTok, by way of a joint announcement, have confirmed that they have struck a new licensing deal – three months after UMG pulled its recordings catalog from the service. What does this new deal mean for UMG and its artists and songwriters?...
Spotify has reported double-digit subscriber growth – and long-sought profitability – for 2024’s opening quarter. The efficiency-minded audio entertainment company posted its Q1 2024 financials this morning, only weeks after reports pointed to another round of Spotify...
Warner Music CEO Robert Kycl has told investors that “the role of large music companies is growing exponentially relevant”, and that WMG’s “ability to aggregate large volumes of rights across recorded music and publishing provides individual artists and songwriters...
