Spotify Debuts Audiobooks for U.S. Listeners; The Impact of Digitalization In the Music Industry; 5 Web3 Music Companies to Check Out

U.S. Spotify users will now be able to purchase and listen to more than 300,000 different audiobook titles, the company announced Tuesday.

According to the RIAA, Revenues from streaming music grew 26% to $5.9 billion in the first half of 2021, accounting for 84% of total music revenues for the period and a 4% climb from 2019 levels. Dr Rick Hendrix comments on the growth of streaming.

This September we're shedding light on a couple of very different web3 music companies that are bringing about a new music economy.

In addition to the groundbreaking news that YouTube would begin to monetize Shorts videos and revamp its Partner Program, the company today also announced a new offering for creators who leverage music to back their videos: Creator Music, now in beta testing.

Outgoing Warner boss tackled streaming price rises and more at Goldman Sachs event this week.

The streaming service has published more figures showing how Mexican music is reaching a global audience through its service.

New research from Mozilla shows YouTube’s AI user controls have little effect on which videos the platform recommends.

Exclusive: ADA Russia and French company Believe appear to be conducting business after pledges made after Ukraine invasion.

Perfect Havoc co-founder Rob Davies has tipped metaverse revenues to boom, pointing to parallels with the video games industry’s now multi-billion dollar downloadable content market.

Sonos is embracing gaming as a new way to grow its audience. Sonos began marketing its budget-priced Ray sound bar as a “small HD gaming sound bar,” and has been featuring game controllers and people playing games throughout its promotional materials.

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