Music Industry News

Spotify Remains M.I.A. In South Korea — But That Could Change This Year

According to a Seoul-based news outlet, Spotify is set to further its global presence by entering the South Korean market. Though more than 275 million people actively use Spotify (including 124 million premium subscribers and 153 million free-version users), the streaming service hasn’t been made available to residents of South Korea. Last March, an attempted rollout […]

Music Industry News

RealNetworks CEO Rob Glaser Buys $10 Million in Napster Stock

RealNetworks founder, chairman, and CEO Rob Glaser has invested $10 million in his company’s stock.  According to the SEC filing, Glaser’s investment in Napster, which was funded personally, translates to 8,064,516 shares, with each costing about $1.24. Upon the purchase’s announcement, RealNetworks’ stock, traded under the symbol RNWK, saw its value jump by about 25 percent.  […]

Music Industry News

SoundCloud Receives Massive $75 Million Investment From Sirius XM

Sirius XM has invested $75 million in SoundCloud, per a recently published press release. The release also indicated that the “minority investment” resulted, at least in part, from SoundCloud’s positive business relationship with Pandora, a Sirius XM subsidiary. Established in 2019, the SoundCloud-Pandora agreement allows clients to buy SoundCloud ads through Pandora’s interface.  SoundCloud will use […]

Music Industry News

Jay-Z’s Tidal Lost $37 Million In 2018 — More Than 100,000 Subscribers Jumped Ship

Jay-Z’s Tidal lost approximately $37 million and 100,000 American subscribers in 2018, according to newly released figures.   The music streaming service’s overall revenue grew by more than 25 percent from 2017 to nearly $150 million, according to a filing with UK governmental agency Companies House. However, 2017’s U.S. earnings were about $71.5 million, whereas American […]

Music Industry News

Identifyy Sees Massive Growth — HAAWK Now Represents YouTube, Facebook & Instagram Rights for Over 75,000 Artists

How do indie artists and smaller producers get access to YouTube Content ID and Facebook Rights Manager?   Artists signed to Merlin-affiliated labels have a shot at claiming and monetizing, if their labels are able to staff up and do the work. And major label-affiliated artists and publishers are obviously well-positioned. But the smaller, independent rights […]

Music Industry News

In the Wake of ‘Lyric-Gate,’ Apple Music Taps Genius for ‘Verified’ Lyrics Series

Photo Credit: Genius Apple Music has teamed up with Genius for the lyric site’s popular video series, Verified. The show is now available on Apple Music. Apple Music will also co-produce the series, with episodes premiering on Apple Music first. Episodes will then roll out to the Genius website before making their way to YouTube. […]

Music Industry News

Spotify Reaches 124 Million Premium Subscribers — But Quarterly Losses Top $85 Million

Spotify Offices in Manhattan Spotify closed 2019 with 124 million premium subscribers—a 29 percent increase from 2018’s year-end figure—but this user influx wasn’t enough to prevent the company from sustaining heavy overall losses.  Spotify’s earnings report also indicated that the streaming service’s premium-subscriber base grew 10 percent between the third and fourth quarters, and that […]

Music Industry News

Pandora Is Losing Subscribers – 88,000 Left the Service Last Quarter

Photo Credit: Pandora SiriusXM revealed some new information about its subscribers’ growth rate for its satellite service and Pandora. SiriusXM added 355,000 satellite radio subscribers during Q4 2019. That breakdown includes 341,000 self-pay customers and 14,000 promotional subs. That number is slightly up compared to a year ago when it added 346,000 new subscribers. SiriusXM […]

Music Industry News

Sony Music Teaming Up with Somethin’ Else for Another Podcast Venture

Photo Credit: Unsplash Sony Music is expanding its podcast lineup with a new partnership. The new deal is with Somethin’ Else, the U.K.’s largest independent podcast producer. The actual terms of the deal were not disclosed. Sony Music and Somethin’ Else may develop new podcast shows across multiple genres – not necessarily music-related. Sony hopes […]