Amid continued debate about (and criticism of) Spotify’s reported plan to cease paying royalties for the vast majority of on-platform works, one songwriter is formally questioning whether the involved model is legal under stateside copyright law.
Is Spotify Implementing a ‘Two-Tier’ Royalty System? Reports Suggest Quick-Approaching Q1 2024 Rollout
As Deezer and Universal Music Group (UMG) prepare to roll out their much-debated “artist-centric” model in France, Spotify is reportedly set to retool its own compensation model beginning in 2024’s first quarter.
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Spotify Stock Surges As Q3 2023 Delivers Six Million New Subs, $34 Million Operating Profit: ‘We Will Consistently Be in the Black Moving Forward’
Spotify stock (NYSE: SPOT) has spiked following the release of a seemingly strong Q3 2023 earnings report, including the addition of six million paid subscribers and an operating profit of €32 million (currently $33.88 million).
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The Industry
U.S. Recorded Music Industry Revenue Hit a Record $8.35 Billion During H1 2023, Report Shows — Despite a Vinyl Sales-Volume Decline
Spotify Posts Record User Growth — and a €247 Million Operating Loss — for Q2 2023
Spotify achieved all-time-high quarterly user growth – and suffered a €247 million operating loss – during 2023’s second quarter, according to a newly released earnings report.
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Goldman Sachs Releases Dialed-Down ‘Music in the Air’ Report — While Maintaining Its $150 Billion+ 2030 Annual Revenue Forecast
Last year, in its annual “Music in the Air” report, Goldman Sachs forecasted explosive music industry growth – to the tune of $153 billion in annual revenue by 2030. Now, following some questions about the bullish stance and particularly the underlying figures, Goldman has released a 2023 report with dialed-down predictions.
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Shockingly, Apple Music Has Never Had a Song Cross One Billion Plays — How Many Users Does This Spotify Competitor Actually Have?
Apple Music has never had a song rack up one billion or more plays, according to newly disclosed data – a stark contrast to Spotify and its quick-growing “billion club.”
Sony Music Entertainment Annual Revenue Cracks $8.5 Billion As Recorded Music Delivers 32% Income Hike
Sony Group Corp. generated ¥1.36 trillion ($10.02 billion at the present exchange rate) from its music division during the 2022 fiscal year, when recorded music income swelled by over 32%, according to a new earnings report.
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Believe Acquires Sentric From Utopia Music in $51 Million Deal
Sets Sights on ‘Rolling Out a Global and Comprehensive Publishing Business’
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About two weeks after reporting approximately 32 percent year-over-year revenue growth for 2022, Believe has announced a deal for “full ownership” of Sentric and set its sights on “building a digital-first innovative music publishing business.”
Sync Licensing Is Evolving — Now There’s a Comprehensive Analysis of the Music Industry’s Most Exciting Segment
Sync licensing is providing more paychecks and exposure to artists than ever. Now, Digital Music News has partnered with music licensing and distribution platform Songtradr to craft a whitepaper charting the space’s recent results and long-term potential.
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