Category: Business

Imagine Dragons Earn First No. 1 on Adult Pop Songs Chart With ‘Believer’

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  Imagine Dragons score their first No. 1 on Billboard‘s Adult Pop Songs radio airplay chart, as “Believer” bumps 2-1 (on the list dated July 29). The group had hit a No. 2 peak with two prior songs: “Radioactive” and “Demons,” both in 2013. “Believer” is from Imagine Dragons’ new album Evolve, which dropped June 23 and debuted at No….


WHY SPOTIFY’S FAKE ARTISTS PROBLEM IS AN EPIDEMIC. LITERALLY.

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  MBW’s revelations about Spotify repeatedly adding ‘fake artists’  to its key playlists have been the talk of the global music business this week. Yet one nagging question has been raised time and again in response, both by those up in arms about the news and by those who reckon it’s a lot of fuss about nothing:…


IF SPOTIFY’S GOING TO BECOME PROFITABLE, IT NEEDS TO MAKE SOME CHANGES

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  On the face of it, it ain’t good news for Daniel Ek. Spotify’s annual results, filed last month in Luxembourg, portray a business whose losses are far outpacing its revenue growth – with 2016’s sales up 52% to $3.3bn but net losses widening 133% to nearly $600m. The first apparent conclusion from this data is one of a faltering…


Imagine Dragons takes number-two spot on “Billboard” 200 with “Evolve”

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  ABC/Randy HolmesImagine Dragons‘ new album Evolve debuts at number two on this week’s Billboard 200. The third studio effort from the Las Vegas rockers takes the runner-up spot with a total of 147,000 equivalent album units, 109,000 of which were pure album sales. Evolve‘s debut is the biggest week for a rock album in 2017. The last rock…


Metro Boomin Is Partnering With Republic Records and Universal Music Group To Launch His Own Label

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  Metro Boomin has announced the official launch of his label, Boominati Worldwide. The label, which Metro first announced in February, was formed in partnership with Republic Records and Universal Music Group and will facilitate his own releases, as well as output from future signees. The producer’s solo debut single, “No Complaints,” featuring Drake and Offset, served as his…


SPOTIFY TURNS A PLAYLIST BRAND INTO A CONCERT SERIES WITH RAPCAVIAR LIVE

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  In tandem with Live Nation, Spotify is launching a six-date US hip-hop concert series called RapCaviar Live ‘featuring the heaviest hitters and hottest emerging artists in rap’. According to official Spotify stats from the end of last year, RapCaviar is the company’s second biggest global playlist behind Today’s Top Hits. The RapCaviar Live series…


This Is Why Apple Wants to Hit the Reset Button on Music

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Apple Inc. (AAPL) wants a reset. Apple is negotiating lower licensing fees with the country’s three major labels as part of a wider royalty agreement covering its streaming service, Apple Music, and its download platform, iTunes, according to a person familiar with the talks. Its existing contracts are due to lapse at the end of…


Jay Z Announces New ‘4:44’ Album Exclusive to Sprint and Tidal Users

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  For weeks, fans have been wondering what this 4:44 project TIdal’s been teasing is. Just the other day, we got confirmation it is some sort of Jay Z project. Now, Hov has officially announced he’s dropping his brand new 4:44 album on June 30 as an exclusive to postpaid and prepaid Sprint members and existing Tidal users. Tidal is sweetening…


Spotify Hits 140 Million Active Users, Promises Billions of Dollars to Record Labels

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  Spotify VP Brian Benedik announced Thursday morning that the streaming service has reached 140 million monthly active users (up from 126 million at the end of last year) and the company has seen a 50% increase in advertising revenues since 2016. Recode reports that Spotify pulled in $3.3 billion revenue last year, and promises to pay record labels…


APPLE MUSIC’S GROWTH IS GETTING FASTER… BUT IT CAN’T QUITE KEEP UP WITH SPOTIFY

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  Apple Music has confirmed that its paying subscriber base has now topped 27m people – with an encouraging 7m signing up over the past half-year. That marks the fastest six-month growth period in the platform’s short history, aside from its initial launch phase in the back end of 2015. Apple confirmed that Apple Music…