YouTube Paid the Music Industry More Than $3 Billion In 2019, CEO Says

YouTube has the lowest per-stream payouts in the streaming music business — a dubious distinction for years.  But platform CEO Susan Wojcicki says it all adds up. Why Wojcicki dropped the big news on a Friday before a three-day weekend is anyone’… Continue Reading

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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… Continue Reading

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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 s… Continue Reading

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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 fi… Continue Reading

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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 majo… Continue Reading

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

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 th… Continue Reading

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

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 prom… Continue Reading

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