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Apple Music, Other Services Top $13.3 Billion In Quarterly Revenue
Apple earned a staggering $58.3 billion during the second quarter of its 2020 fiscal year, $13.3 billion of which derived from Apple Music and other services.
ASCAP Reports Record Revenues and Distributions for 2019
ASCAP reported record financial results for 2019, with total revenue topping $1.274 billion in 2019, a $47 million increase over 2018, according to an announcement from the performing rights organization.
OpenAI Introduces Jukebox, a New AI Model That Generates Genre-Specific Music With Lyrics
Artificial intelligence research laboratory OpenAI today debuted a new generative model that’s able to make music called Jukebox.
Travis Scott’s Multi-Vertical ‘Fortnite’ Collaboration Continues Record-Breaking Run With Hit Track, Merch Line
Travis Scott and Epic Games set records and a new bar last week with the immense success of the rapper’s April 23 “Astronomical ‘Fortnite’” event.
Spotify Accused of Stealing Trade Secrets to Build Ad Platform
A Canadian company filed suit on Thursday accusing Spotify of stealing its trade secrets to develop its user-generated ad platform.
‘Pandora Broke My Heart’: Tim Westergren, Digital Radio Pioneer, Returns to Break the Music Industrial Complex
Disillusioned after leaving Pandora, Tim Westergren set out to create a better kind of streaming platform. Can he save struggling artists while redeeming himself?
Artists Can Now Pitch for Songs From BMG Songwriters as Company Opens up ‘MyBMG’ App
BMG is opening up its myBMG app to artists across the music industry to allow them to pitch for songs from BMG songwriters.
Metallica to Launch “Virtual Tour” on SiriusXM
A virtual Metallica tour is kicking off this week. Beginning Friday, May 1, the band’s SiriusXM channel Mandatory Metallica will broadcast a different concert from the archives every day for 30 days.
Spotify’s Catalog Tops a Million Podcasts, Consumption Increased by ‘Triple Digits’ Over Last Year
The company says it has now grown its podcast catalog to more than a million shows, up from the 700,000-plus podcasts it was reporting just this March.
Deezer Tries Using AI to Find the Naughty Words in Songs
You normally need to listen to a song or read its lyrics to tell if it’s using explicit language, but Deezer thinks AI might be up to the job before long.
Spotify’s Mantra for Radio vs On-Demand Streaming: ‘Everything Linear Dies’
Spotify CEO Daniel Ek and CFO Paul Vogel have been fielding questions from analysts following the company’s publication of its Q1 2020 financial results earlier today.
Boosting Growth in Europe Through Music and Culture: A Roadmap to Sync With the EU Recovery Plan
As Europe moves into recovery mode, IMPALA sets out an ambitious roadmap for the EU and member states to boost investment, growth and jobs through music and the cultural sectors who account for 12m jobs and 5.3% GVA.
Pandora Ad Revenues up but Monthly Listeners Are Still Falling
US satellite radio firm SiriusXM published its Q1 financial results yesterday, including updated figures for its Pandora subsidiary.
Spotify Q1 2020 Monthly Active Users Soar as Pandemic Keeps People at Home Consuming Content
Spotify has posted its Q1 2020 earnings—and things are looking good for the company.
Tidal Launches New Free Membership Tier For Video Content
Called Tidal Access, the new free tier will offer four different channels worth of videos: performances, documentaries, conversations and spotlight.
Just 40% of Americans Will Return to Movies or Concerts Before Vaccine, Reuters Poll Says
Fewer than half of Americans plan to go to concerts, movies, sports events and amusement parks when they reopen to the public until there is a proven coronavirus vaccine, according to a Reuters/Ipsos opinion poll released on Tuesday.
Number of Voice Assistant Devices in Use to Overtake World Population by 2024, Reaching 8.4bn, Led by Smartphones
A new report from Juniper Research has found that consumers will interact with voice assistants on over 8.4 billion devices by 2024; overtaking the world’s population and growing 113% compared to the 4.2 billion devices expected to be in use by year end 2020. (h/t Music Ally)
Anchor Converts Your Video Calls Into Podcasts
Spotify’s Anchor app is adding yet more functionality to help make producing podcasts more accessible. Starting today, you can use the platform to convert your Zoom, Google Meet, Skype, FaceTime, Twitch and Instagram Live video calls into podcast material.
US Consumers Are Flocking to TikTok
The short-video app added 12 million unique visitors in March, up nearly 50% since January
Facebook to Introduce Paid Livestreams for Musicians and Other Creators
The company did not specify when that option will become available or provide further details, including whether there is a limit on how much a performer can charge or whether Facebook will charge a fee or percentage.
PPL To Make Advance Distribution Payment of £23.9M in April
PPL is announcing an amendment to its annual payment schedule in order to bring forward part of its June distribution to members during these times of crisis.
UMPG Launches Global Music Service for Film, TV and Advertising
The service provides a single point of access in each local market to the company’s worldwide network of songwriters, composers, producers and sync resources – including its sync division, production music division and bespoke composition offerings – as well as those of select partners.
Bandcamp – Support Artists Impacted By the Covid-19 Pandemic
Bandcamp will waive their revenue share on May 1, June 5, and July 3.
Merck Mercuriadis Has Spent Over $1 Billion on Songs in Less Than 2 Years… and He’s About to Do It All Over Again
Twenty-one months on, Mercuriadis, CEO and Founder of Hipgnosis, hasn’t just raised a billion dollars, he’s now officially spent a billion dollars, across approximately 60 deals.
DJ Sets Are Going Online—But Is Anyone Getting Paid?
Like so many others, DJs everywhere have suddenly been left with no work and no income because of restrictions brought on by the coronavirus pandemic.
Universal Music Group and Lego Unveil Exclusive Global Partnership
Universal Music Group and the Lego Group today announced an exclusive global partnership entailing product, experiences and more that will enable children around the world to explore their creativity through play, by expressing themselves through music, according to the announcement.
Jeff King est le nouveau président du conseil d’administration de DDEX
Jeff King, chef de l’exploitation et du développement corporatif de la SOCAN, a été nommé président du conseil de DDEX, l’organisme responsable d’établir les normes internationales visant à améliorer l’échange de données et d’informations au sein de l’industrie de la musique.