With the coronavirus (COVID-19) pandemic continuing to wreak havoc on live touring, artists are having a particularly difficult time making ends meet. But that’s sparking more innovation from non-touring areas, with players like The Music Fund focusing…
Category archives: music streaming
RBC Raises Spotify Target Price to $320 Following Positive Survey Results
Toronto-based global investment bank RBC Capital Markets has raised Spotify’s target stock price from $192 to $320 following encouraging results in a survey that asked respondents about their preferred means of listening to music. RBC analyst Mark Maha…
Deezer Hits $1.5 Billion Valuation Following Major Mexican Tie-Up
The valuation of Paris-based music streaming service Deezer has neared $1.5 billion (€1.3 billion) following the announcement of a high-profile partnership with Mexican media conglomerate TV Azteca. Deezer, which belongs chiefly to Warner Music Group m…
Tencent Music, CoMix Wave Ink Major Anime Soundtrack Partnership
Tencent Music and Japanese animation film studio CoMix Wave Films (CWF) have closed a major anime soundtrack agreement. Tencent Music unveiled the “strategic partnership” in an official release, and the message was shared with Digital Music News. Empha…
Move Over, Twitch – Facebook Expands Fan Subscriptions for Musicians
Facebook is expanding its fan subscriptions to more countries – edging further into Twitch’s territory. Twitch is geared primarily toward gamers, but the service has become more accommodating of artists. The COVID-19 pandemic has musicians and cr…
Blackpink Awarded 5 Guinness World Records for Multiple YouTube Records
Blackpink’s historic record earns the K-pop group five Guinness World Records. The music video for “How You Like That” garnered over 86.3 million views when it dropped on June 26. It snatched a previous record claimed by BTS, who lost…
Blackpink Smashes BTS’ 24-Hour YouTube Viewing Record With ‘How You Like That’
South Korean girl group Blackpink and their “How You Like That” single have claimed the record for most YouTube views within a 24-hour period – a title that was previously held by BTS. Blackpink posted the video for “How You Like That” to Y…
Goldman Ups Its Spotify Target to $280 — Is $300 Next?
Goldman Sachs has upped its Spotify (SPOT) target price to $280 following the stock’s unprecedented gains – from a low of $109.18 per share to a current price of $264.95 – during the last three months. Goldman analyst Heath Terry signaled confide…
Spotify Touches $50 Billion Valuation as Stock Hits New All-Time Highs
Leading music streaming service Spotify has touched a $50 billion market valuation after breaking yet another stock-price record. At the time of this writing, Spotify shares, bought and sold under the symbol SPOT, were up nearly nine percent ($21.44 pe…
Young Adult Piracy Rates Are Up In Denmark, But Illegal Music Downloads Are Declining Sharply
Per a study published by the Danish Chamber of Commerce, over 40 percent of Denmark residents aged 18 to 29 have illegally downloaded and/or streamed digital content during the last year – up from 28 percent in 2018. Overall Danish piracy rates mostly …