Author: Anna Washenko

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Napster CEO: Streaming growth will bring “a great deal of diversification” in the future

Posted on by Anna Washenko

Napster President and CEO Bill Patrizio gave a keynote talk at the Midem conference, offering his insights on the streaming service’s internal plans and the broader streaming economy. He acknowledged that the company didn’t plan to tackle the current market leaders head on, but would continue pursuing other, innovative approaches to music, such as running streaming services for other brands and businesses. Continue Reading →

YouTube may face liability for copyright infringement under Austrian court

Posted on by Anna Washenko

YouTube may be facing a new legal challenge in Europe. The Vienna Commercial Court issued a preliminary decision that YouTube is responsible for preventing its users from uploading infringing content. The decision is not final, but it is maintained in the court’s final ruling, the result could have rippling consequences for the video platform. Continue Reading →

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Sonos Beam soundbar brings agnostic voice assistant to the living room for an entry-level price

Posted on by Anna Washenko

Sonos has taken its ambitious next step into the smart speaker space with a new product that supports multiple voice assistants and changes the form factor. The Sonos Beam is a sound bar, a much larger device than the most popular tabletop smart speaker designs currently on the market, that’s capable of providing quality audio for a range of entertainment purposes in small- or medium-sized rooms. Continue Reading →

Spotify is reportedly offering hefty advances to land more direct licensing deals

Posted on by Anna Washenko

Spotify is reportedly offering advances to managers and indie artists as an incentive to consider direct licensing deals with the streaming service. Billboard reported that the company is offering up to several hundred thousand dollars in advances for managers that agree to license a particular number of tracks by indies directly to Spotify. On the platform, the managers and acts could then earn 50% of the revenue from those songs being streamed. Continue Reading →

PwC outlook forecasts streaming domination in digital music revenue by 2022

Posted on by Anna Washenko

PwC has published its annual report of projections and predictions for the international media industry. The Global Entertainment and Media Outlook 2018-2022 valued the music, radio, and podcast sector in the U.S. at $40.7 billion in 2017. The industry is projected to see a 4% compound annual growth rate to reach $49.5 billion in 2022. Continue Reading →