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Recorded music attains new revenue record; streaming grows from 75% to 84%

The recorded music industry reached an all-time high in total revenue for the first half of 2023 — $8.3-billion across all reported categories. Streaming accounted for $7.0-billion, 84% of the total. On average, there were 96-million music subscriptions in H1 2023. All this and more from the Recording Industry Association of America (RIAA) in its annual mid-year report. Continue Reading

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Magellan intros “similar shows” dashboard for intelligently expanding ad campaigns

Magellan AI has unleashed a dashboard feature which is not distinctly named, but functions to reveal podcasts with similar audiences. This is mainly for advertisers who wish to extend a successful campaign. It is self-serve, both for exploration by advertisers, and for connecting directly with podcast owners. Continue Reading

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Digital distribution companies criticize the UMG/Deezer royalty breakthrough

The new royalty attribution method recently deployed by Universal Music Group and streaming music platform Deezer seeks to make royalty calculation more fair. But the change is not universally applauded. Two digital distribution companies Believe and TuneCore, whose customers are mainly indie musicians, calls the system “reverse Robin Hood.” Continue Reading