Yesterday's mark the third round of layoffs Spotify has implemented this year. In January, about 500 employees were let go; then in June, another 200 employees from its podcast division were hit.
Officially introducing 'Round the Music Business in 30 days 🎉🎊, where amongst the many stories published per month, six stand out as the most-engaged [in that particular order].
With a catalog of 120 million songs from about 7500+ content providers, Afrobeats and Amapiano emerge as the most popular genres on the platform.
Gen Z continues to embrace the genreless/genre-hybrid trend while gravitating towards sounds, moods - looking for playlists and songs that best describe the mood or moment they’re in.
Coca-Cola is taking a page from the Pepsi playbook by engaging Afrobeats artists on a deeper level. Even if it means snagging Ayra Starr and Rema, who were previously Pepsi brand ambassadors.
Universal Music, in its deal with Taylor Swift, committed that any sale of its Spotify shares would result in a distribution of money to UMG-signed artists, with unrecouped balances being disregarded
Such partnerships help facilitate the consumption and promotion of local talents & content, evident in the growing global opportunities for Latin music, Afrobeats, K-Pop talents.
We examine the impact on popularity and consumption of songs/artists BEFORE & AFTER their nomination. Did they see a spike in streams, or did did they maintain their pre-nomination daily averages?
'Add to Music App' creates a direct link between discovery on TikTok and consumption on a music streaming service, making it easier to enjoy the full-length song on your choice platform.
This quarter's performance for HYBE was driven by three key segments: Albums [$198.46 million], Concerts [$65.3 million], and Artist-Indirect Involvement [$116.77 million]
Streaming is Sony's primary revenue driver, accounting for a 66% share with $1.53 billion overall, marking a 10% YoY increase. This rivals UMG’s $1.85 billion streaming revenue at 64% share.
This development has revolutionized the way we envision collaboration between artists; turning mere imagination into a tangible reality.