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YouTube Is Finally Letting Creators Know Exactly How They’re Making Money on YouTube
RPM (revenue per mille) is much more useful for creators who are trying to grow their channels and figure out where their monthly income is coming from.
Hipgnosis Has Another $300m to Spend on Songs, Thanks to Its Biggest Fundraise Yet
Hipgnosis Songs Fund has spent over $1bn on songs since going public two years ago… and now it’s got another £236.4m (approximately $299m) in its acquisition war chest.
Despite COVID-19, US On-Demand Audio Streams Are up 16.2%
Those streams were up by 20.4% in the period up until March 12, but the year-on-year growth was 13.8% over the rest of the first half of 2020 – leading to the 16.2% average for the six-month period.
Sony Acquires $250m Stake in Epic Games, Maker of Fortnite
Sony Corporation, parent of Sony Music Group, has acquired a minority stake in Epic Games – the creator of Fortnite and Unreal Engine.
Spotify Users Have Spent Over 2.3 Billion Hours Streaming Discover Weekly Playlists Since 2015
In the five years since its launch, listeners have also streamed endless hours of the Discover Weekly playlist—over 2.3 billion hours between July 2015 and June 25, 2020.
Metallica and Co-Manager Joining Multimillion-Dollar Venture Buying Song Catalogs, Other Intellectual Property
Metallica and longtime co-manager Cliff Burnstein are among the parties involved in an intellectual-property acquisition venture that is being headed up by former longtime Morgan Stanley investment banker Paul Donahue.
Spotify Is Launching in Russia Next Week
According to IFPI statistics, Russia was the fastest-growing major market globally for the record industry in 2019, with a 50.3% revenue increase year-on-year.
Spotify Will Now Make You a Custom Workout Playlist
The company is launching an interactive webpage called Soundtrack Your Workout that’ll let listeners define their workouts and preferences and then will design a playlist for them.
Columbia University Researchers Know Why You Chose That Playlist, and It’s Not About the Music
A new study out of Columbia Business School and Bar-Ilan University in the Journal of Personality and Social Psychology shows that you prefer the music of artists with personalities similar to your own.
Instagram’s Pinned Comments Feature Is Rolling Out to Everyone Now
The feature lets any user pin three comments on a post to the top of a thread, and it’s designed to allow the author of a post to better control the tone of the comment thread.
Introducing the New YouTube Analytics for Artists
The new Analytics for Artists is here – giving artists the most comprehensive and complete view of their audience, global reach and performance across YouTube.
Apple Music’s Time-Synced Lyrics Arrive on Samsung Smart TVs
Beginning today, when customers with a 2018 to 2020 Samsung Smart TV begin playing a song through Apple Music, the real-time lyrics will appear.
Magic Leap Has a New Chief Executive and It’s Former Microsoft Exec Peggy Johnson
It’s been a tumultuous 2020 for Magic Leap. Struggling to survive amid a cash crunch and facing bankruptcy, the company laid off most of its staff in April and was casting around for a white knight investor to come in and keep the company afloat.
Sirius XM Reportedly Buying Stitcher to Bolster Its Podcast Efforts
The Wall Street Journal reports that a deal between Sirius and Scripps is close, with the fee pegged at around $300 million.
U.K. Venues, Theaters, Cultural Spaces to Receive £1.57 Billion in Government Aid
Additionally, music venues, independent cinemas, and heritage sites will be eligible for new emergency grants and loans. The funds will be distributed in response to the financial stress venues have suffered throughout the COVID-19 pandemic.
Matt Pincus-Backed HIFI Launches to Help Artists ‘Actually See What They’re Earning – and What They’re Worth’
HIFI CEO and founder, Damian Manning, says the company, which dubs itself a “financial rights organization” is “building innovative products and services that work in concert with them to financially empower the creator class”.