BVMI, Germany’s music industry group, has released the mid-year report for the country. The total market revenue for the first six months of the year grew by 2.9% to reach about €740 million ($853 million). Continue Reading
Most musicians dream of having a No. 1 hit, and today marks the arrival of one. “Despacito,” a track by Luis Fonsi and Daddy Yankee, is now the most-streamed song of all time. With 4.6 billion streams since its release in January, “Despacito” has surpassed the previous champ, “Sorry” by Justin Bieber. Continue Reading
Brief news items and worthy reads from around the web: Sirius XM in the royalty spotlight. Judge nullifies UMG’s Prince deal. Continue Reading
StreamGuys, a specialist in Internet radio technology, is getting into the Amazon Echo game. The company announced that it can create custom Alexa skills for its broadcast clients. This would bring extra voice command functionalities for listeners tuning in on the Amazon Echo, Echo Dot, and Echo Tap smart home speaker devices. The new feature offering expands StreamGuys’ existing SaaS tools for producing, managing, delivering, and monetizing streaming media and podcasts. Continue Reading
SoundCloud has partnered with The Fader for a documentary miniseries called SoundCloud Next Wave. Episodes in this video series will highlight local music scenes, with the debut focusing on underground rap in Los Angeles. The Fader has also posted a curated SoundCloud playlist showcasing other music from the city’s rap scene. Continue Reading
Radiotopia announced that its Ear Hustle podcast has been downloaded 1.5 million times. The show came to life as the winner of the network’s Podquest contest last year. Ear Hustle is the work of Earlonne Woods and Antwan Williams, both incarcerated at San Quentin State Prison, and Nigel Poor, a Bay Area artist and professor. Continue Reading
Songwriter and publisher royalties have appeared once again as a sticking point for the Spotify streaming service. The New York Post’s Claire Atkinson is reporting that music publishers and songwriters are looking to receive a portion of Spotify’s equity when the company either goes public or finds an interested buyer. According to her sources, the National Music Publishers Association has been deeply interested in the question of equity since Spotify has been more seriously preparing for a direct listing on the New York Stock Exchange. Continue Reading
Before the weekend, we recapped the activity surrounding SoundCloud and the outlook for its future. The company had issued an odd response to reporting by TechCrunch, and popular hip-hop performer Chance the Rapper said he “was working on” an effort to help the audio platform. Today, we have some further developments on both of those stories. Continue Reading
Sony is reportedly in the final stages of a deal to purchase Believe Digital. According to Nikkei, Sony plans to pay an estimated 40 billion to 50 billion yen ($355 million to $444 million) for the distributor and label services company. Update: Believe Digital CEO denies Nikkei reporting. Continue Reading
The UK’s music market is following the global trends of increased streaming and decreased downloads. The mid-year data released by BPI and the Official Charts Company showed a 11.6% increase in album equivalent sales for the first half of the year, reaching nearly 63.87 million units. Continue Reading
Bridge Ratings has posted an update to its New Media Gauntlet study, which reflects listener trends across different media. The latest results showed that although radio’s weekly cume has been relatively stable over time, it has been declining in how many people dub it their favorite listening choice. Streaming, on the other hand, has been rising in “favoriteness,” which Bridge said is chipping away at the numbers for both radio and downloads. Continue Reading
Yesterday’s Quick Hits included a rather dire outlook on SoundCloud from TechCrunch, which shared reports from an all-hands meeting at the audio company that cast serious doubts on its financial outlook. Today brings two responses to that report, one from SoundCloud and one from a possible source of help. Continue Reading