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PPL International Collections Hit Record High of £86.7 Million
Music licensing company PPL today announces it collected £86.7 million in international monies in 2019. This represented growth of £15.8m (22%) on the total achieved in 2018 (£70.9 million). This annual total is a new high for the company.
Warner Music Group Files for IPO
Warner Music Group announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission for a proposed initial public offering of its common stock.
Snafu Records Raises $2.9m for Its AI-Driven Record Label
US startup Snafu Records is describing itself as the ‘first AI-enabled music label’, although its artists are all human. The role that AI is playing is on the talent discovery side of the business.
YouTube Music Might Soon Allow You to Upload Songs to Library
According to 9to5Google, the company is working on a new version of YouTube Music that brings this functionality to the app.
Twitter Hits $1 Billion in Quarterly Revenue, ‘Monetizable Daily Users’ Jump 21% to 152 Million
Twitter has hit $1 billion in quarterly revenues for the first time in its history, as the company boasted improved advertising income and an increase in active users.
Google’s Area 120, Pollstar Launch Demand, a Live-Music Insight Tool
A team from Area 120, Google’s workshop for experimental projects, today announced the launch of DEMAND for the live music industry during the annual Pollstar Live conference.
Tencent Music Antitrust Probe Suspended by China Authorities
China’s antitrust authority has suspended a probe of Tencent Music Entertainment Group’s dealings with the world’s three largest record labels, according to people familiar with the matter, lifting a cloud hanging over that country’s dominant music streaming company.
It’s Official: Spotify Is Buying Bill Simmons’s Sports Podcast Network The Ringer
Along with its Q4 2019 earnings today, streaming music giant Spotify has announced it’s “entered into a definitive agreement” to buy The Ringer, one of the most popular sports and pop culture websites and podcast networks.
Spotify Reports Fourth Quarter and Full-Year 2019 Earnings
Spotify announced their fourth quarter and full year 2019 financial performance.
PRS Foundation Renames Flagship Funding Scheme as PPL Momentum Music Fund
An official press release stated that decision was made to reflect “a closer partnership between the music licensing company, PPL, and the charity in supporting new music.”
Pandora Is Losing Subscribers — 88,000 Left the Service Last Quarter
SiriusXM revealed some new information about its subscribers’ growth rate for its satellite service and Pandora.
Simon Darlow Defends Composers’ Rights at Creators Conference in Brussels
Darlow spoke about buyout contracts, how they impact creators’ remuneration and what can be done to improve the situation.
Genius Brings Its ‘Verified’ Video Series to Apple Music
Going forward, Apple Music will co-produce “Verified.” Episodes will now premiere on Apple’s streaming platform and can be found on the artist’s page.
Vinyl Alliance, a Vinyl Records Trade Group, Officially Sets Sail
Vinyl Alliance, a newly formed group “dedicated to promoting awareness of vinyl records,” has elected its first executive board.
KFC Sneaks Ads Onto Spotify Premium by Taking Over Artist Profiles
Dubai-based ad agency Memac Ogilvy and KFC Arabia found a way to circumvent Spotify Premium’s ad-free platform: they took over the profiles of three artists from the region.
Sony Music Posts $1.9 Billion in Quarterly Revenue On Strong Results for Streaming, Publishing
Sony Corp.’s music operations continued to grow in the company’s fiscal third quarter.
Digital Disruption: How Canadian Music Creators can make the transition?
This multi-stage research project will take place over the next six months, and will investigate the ways in which music creation in Canada has been disrupted by the introduction of streaming platforms.
Alphabet Finally Discloses Size of YouTube’s Ad Business: Over $15 Billion in 2019
Google’s parent company Alphabet Inc. has disclosed how much YouTube’s advertising business rakes in for the first time.
YouTube Premium and Music have 20 million subscribers
It’s now clearer just how YouTube’s streaming services stack up against rivals.
Gaana Is Beating Spotify, Apple Music, Amazon Music, YouTube Music in India
The largest music streaming service in India isn’t from Spotify, Apple, Google, or Amazon. Gaana is a local streaming app, with 152 million monthly active users.
Byte Tops a Million Downloads Amid Spam Issues and Content Concerns
New short-form video app Byte, heralded as Vine’s successor, is off to a strong start despite its issues.
M.I.A. Creates Her Own Patreon Account
M.I.A. states that she’ll be traveling around the world with a camera this year and documenting her creation of new music, film and art for her Patreon subscribers.
How Dubsmash Revived Itself as #2 to TikTok
Few social apps have ever pulled off a real comeback. But in the case of Dubsmash, its biggest competitor was also its savior. (h/t Music Ally)