France posted 5.4% growth for its recorded music market to reach revenue of €449.56 million in 2016, according to industry body SNEP. Combined subscription and ad-supported streaming was the second-largest source of revenue with a 37% increase on-year. Continue Reading
MIDiA Research is always a source of interesting data and analysis for the music industry, and its assessment of the global recorded music revenue in 2016 is no exception. In two recent blog posts, the company explored both the overall performance of the music industry and the shares of that performance secured by each of the major labels. Continue Reading
Classical music metadata specialist Dart Music has filed for bankruptcy. According to a note from founder and CEO Chris McMurty, the company will restructure through the Chapter 11 proceedings. Continue Reading
Dubset Media Holdings has secured a Series A fundraising round of $4 million. The company specializes in the licensing for remixes and determining all the appropriate rightsholders. Dubset has inked deals with streaming services including Apple Music and Spotify to get licensed remixes on those platforms. Continue Reading
Pandora has appointed Naveen Chopra as its new chief financial officer. Chopra joins the online audio company from TiVo, where he was interim CEO from January 2016 until the firm was acquired by Rovi. Pandora’s most recent CFO was Mike Herring, who is now the company’s president. Continue Reading
SoundCloud announced a shift to its subscription offering. The SoundCloud Go platform is being changed to a $4.99 per month fee. The full on-demand service is now called SoundCloud Go+ and costs the industry standard of $9.99 a month. Continue Reading
Independent Music Publishers e-Licensing (IMPEL) announced that royalties it received from online music services increased 60% last year. The group collectively licenses the Anglo-American mechanical digital rights in Europe for publishers. Continue Reading
AdLarge Media has entered a partnership with Megaphone, the show host and ad-serving arm of Slate’s podcasting company Panoply. AdLarge, an independent audio advertising sales company, joins BuzzFeed, WBUR, and Gimlet Media on the roster of Megaphone partners. Continue Reading
Shazam’s director of EU partnerships, Jon Davies, shared some statistics about the app at the FastForward conference in Amsterdam. The audio identification is generating 30 million clicks a month to music streaming services such as Spotify or Apple Music. That’s in addition to sparking 400,000 daily song downloads from digital marketplaces like iTunes. Continue Reading
Omny Studio announced the launch of Apple Podcast Consumption Analytics, which was first announced in a webinar with RAIN News in August. This service is now out of beta testing and is available to enterprise customers. Customers using the analytics will be able to track and report consumption data from streamed plays of podcast episodes listened to on the Apple Podcasts app. Continue Reading
BMI and the Radio Music License Committee have set an interim licensing rate that will apply while the two parties continue negotiating a final rate. Judge Louis Stanton, who presides over BMI’s Federal Rate Court in the Southern District of New York, set the interim amount. Continue Reading
Apple Music has partnered with the UK’s Royal College of Music for classical music curation. The school will create playlists on a regular basis, with help from its staff and professors. The first playlist highlights works by British composers who have connections to the conservatory. Continue Reading