Sonos Debuts Hi-Res Music Streaming via Qobuz; Spotify Updates Home Hub on iPhone; BMG, KKR Team to Acquire Music Rights

Qobuz will be the first music service to stream 24-bit audio to Sonos speakers.

Spotify will update the Home Hub section of its app for iPhone with new features including a Recently Played destination.

Global music publisher BMG said on Wednesday it was teaming up with private equity house KKR to acquire music rights, following on from its recent deal to acquire the back catalogue of British rocker Mick Fleetwood.

SoundCloud has named the 9 artists selected for its new 'First on SoundCloud' accelerator program, which will include direct investment in the chosen talent.

Spotify has taken a step towards business transparency with the launch of Loud & Clear, a microsite that shares data on its artist payouts and sheds light on its royalty system.

Hungama Music, one of the leading music streaming services in India, and Dolby Laboratories, are introducing a more emotional and authentic way to

British startup Jaak was part of the first wave of firms trying to put blockchain technology to use in the music industry.

How can new music and emerging artists compete against the established histories and powerful nostalgia of Classic Rock?

Just as more users are looking for audio to stream, more brands are looking to connect with them through their ears.

Australian music company Future Classic has named Alice Young as managing director.

Many artists and music fans spent the past few months trying out livestream concerts for the first time and quickly realized their value.

When the stage lights rose before the show on March 14, 2020, at Saint Vitus, a cramped New York City heavy metal bar, the venue felt a little more on edge than normal.

Last week MIDiA reported that recorded music revenues grew by 7% in 2020. Today the IFPI confirmed that figure, reporting 7.4% growth. (Similarly, the IFPI reported 19.9% growth for streaming, MIDiA had 19.6%).

✉️ Send story ideas & feedback to: jeff@platformandstream.com

⭐️ Support Platform & Stream by sponsoring an issue sent to our 2200+ subscribers every weekday.