In financial terms, Spotify is like a high-end mall that was just built on an earthquake fault line. Like other subscription streaming services, it’s driving the music industry’s nascent recovery with recurring revenue. But the company constructed its business in the U.S. quickly — carelessly, but apparently with the best of intentions — on the…
Music Industry Will Hit $41 Billion By 2030 According to New Goldman Sachs Report
An analyst forecasted that streaming will account for $34 billion of the total revenues. The global recorded music industry will grow into a nearly $41 billion behemoth by 2030, thanks largely to the growth of streaming, according to Goldman Sachs analyst Lisa Yang and her team. The Goldman Sachs analyst further predicts that streaming will…
More proof emerges that Tesla may make a music service
Some digging in a recent Tesla software update turned up a big clue for the potential streaming service, possibly called “TTunes.” Tesla owners might be closer to getting their very own streaming music service. Thanks to some software sleuthing reported by clean energy news site Electrek, a new client was discovered as part of recent…
SIR LUCIAN GRAINGE: ‘WHEN PEOPLE SAID THE MUSIC INDUSTRY WAS OVER, WE DIDN’T LISTEN.’
Grainge became a focal point for those who believed the recorded music industry was in irrevocable trouble when he led the then pricey-looking $1.9bn acquisition of EMI Music in late 2011 – a deal which completed the next year. Universal was eventually forced by European regulators to sell off Parlophone Label Group to Warner,…
How To Get More Followers On Spotify
Spotify is one of the most popular music streaming sites there is and it’s a great way to promote your music. So how do you get more people to listen to the playlists you have on there? Here are some tips on how to get more followers for your music: Advertise your music to…
SoundCloud’s Future to Be Determined by a Vote Today
After unexpected layoffs, reports of its impending demise due to a lack of funding and the perceived heroics of Chance The Rapper, the fate of SoundCloud will be determined by one vote on Friday (Aug. 11). The folks at Axios reported the news yesterday (Aug. 10). SoundCloud needs new investors in order to survive, and while the streaming service, which…
APPLE IN TALKS OVER $1BN BUYOUT OF MAJOR MOVIE AND MUSIC COMPANY IN INDIA – REPORT
The Cupertino giant is reportedly getting closer to a $1bn acquisition of the film and music library of Eros Group. Eros is the largest movie producer in India, counting more than 3,000 films across Bollywood and other productions under its control. The music recordings associated with these movies is housed under subsidiary Eros Music….
SPOTIFY IS SET TO END 2017 WITH 70M SUBSCRIBERS AND $5BN IN REVENUE. BUT HOW MUCH MONEY WILL IT LOSE?
Spotify is on course to finish 2017 with 70m paying subscribers and close to 160m total active users, according to MBW’s projections – resulting in around $5bn in annual revenues. Daniel Ek’s company confirmed earlier this week that it had surpassed 60m paying subscribers worldwide, double the size of the 30m Apple Music is believed to currently boast. The…
Eminem’s Manager Paul Rosenberg Named New CEO of Def Jam
Paul Rosenberg, Eminem’s longtime manager and business partner and president of Shady Records, has been appointed the new CEO of Def Jam Recordings. Billboard has confirmed the appointment, which will take effect at the beginning of 2018. The news was first reported by HITS. Rosenberg will succeed Def Jam CEO Steve Bartels, who will stay in place until the…
MTV Plans to Bring Music Back With ‘TRL’ Relaunch This Fall
All things old become new again. In 2008, Total Request Live ended its decade-long run. Nine years later, MTV president Chris McCarthy wants to bring the show back this fall. TRL‘s comeback will also usher the return of the show’s famous studio which overlooked the middle of Times Square. “If we’re going to come back…
